10 Jul 2013
AUD/USD retreats from 1-week high
FXstreet.com (Córdoba) - The AUD/USD failed to sustain gains and pulled back below the 0.9200 level at the beginning of the American session as stocks open flat in Wall Street.
AUD/USD erases daily gains
AUD/USD reached a 1-week peak of 0.9233 during the European session but lost momentum and retreated toward the 0.9175 zone before finding support. At time of writing, AUD/USD is trading at the 0.9180 area, where it is little changed since opening.
AUD/USD bearish below 0.9140
"In the 4 hours chart, indicators are starting to look exhausted to the upside, although still holding in positive territory: only below 0.9140 the pair will reenter the bearish path", says Valeria Bednarik, chief analyst at FXstreet.com.
The analyst locates immediate support levels at 0.9140, 0.9100 and 0.9050, while she sees resistances at 0.9210, 0.9250 and 0.9290.
AUD/USD erases daily gains
AUD/USD reached a 1-week peak of 0.9233 during the European session but lost momentum and retreated toward the 0.9175 zone before finding support. At time of writing, AUD/USD is trading at the 0.9180 area, where it is little changed since opening.
AUD/USD bearish below 0.9140
"In the 4 hours chart, indicators are starting to look exhausted to the upside, although still holding in positive territory: only below 0.9140 the pair will reenter the bearish path", says Valeria Bednarik, chief analyst at FXstreet.com.
The analyst locates immediate support levels at 0.9140, 0.9100 and 0.9050, while she sees resistances at 0.9210, 0.9250 and 0.9290.