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9 Jul 2013
AUD/USD recovers tone and trade at highs again
FXstreet.com (San Francisco) - After a brief rejection from the 0.9200 area to trade as low as 0.9135, the AUD/USD is recovering ground and currently it's pricing around 0.9190.
With the pair performing 0.60% positive on the day at 0.9185, the short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
AUD/USD technical bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD faces risks in the near-term as a hold below the 0.9388/0.9404 resistance leaves the overall probability of a continued downside.”
Above the 0.9200 area, next resistances are at 0.9250 and 0.9280. On the downside, 0.9145 is the level to watch ahead of the 0.9100 and the 0.9040.
With the pair performing 0.60% positive on the day at 0.9185, the short term perspective remains slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
AUD/USD technical bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD faces risks in the near-term as a hold below the 0.9388/0.9404 resistance leaves the overall probability of a continued downside.”
Above the 0.9200 area, next resistances are at 0.9250 and 0.9280. On the downside, 0.9145 is the level to watch ahead of the 0.9100 and the 0.9040.