AUD/USD collapses to 0.9450 amid economic events

FXstreet.com (San Francisco) - The Aussie is trading under pressure against the US Dollar following the ECB decision to cut rates and the US GDP growth 2.8% in the Q3. In the last few minutes, the AUD/USD fell from 0.9510 to price at intra-day lows at 0.9450.

Currently, the AUD/USD is trading at 0.9460, 0.73% negative on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum indicators are pointing to the south while the Stochastic is neutral.

Below the 0.9450, the AUD/USD would face supports at 0.9430 and 0.9420. On the downside, resistances are at 0.9510, 0.9540 and 0.9550.

Nov 7, 2013

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