11 Nov 2013
AUD/USD nears Friday's lows
FXstreet.com (Córdoba) - The AUD/USD fell to fresh daily lows during the European session as the greenback continues to build last week's gains.
Data fails to support AUD/USD
Despite strong Chinese industrial production data and Australian home loans figures, the AUD/USD came under pressure Monday and slid to a low of 0.9355 before finding support, just a few pips above Friday's trough of 0.9351. The AUD/USD is currently trading at the 0.9360 zone, recording a 0.3% loss on the day, having fallen 0.8% on Friday, with a quiet session ahead as US celebrates the Veterans Day.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks below 0.9350, next supports are seen at 0.9333 (Oct 2 low) and 0.9300 (psychological level). On the other hand, resistances could be found at 0.9390 (daily high) and 0.9420 (Nov 1 low).
Data fails to support AUD/USD
Despite strong Chinese industrial production data and Australian home loans figures, the AUD/USD came under pressure Monday and slid to a low of 0.9355 before finding support, just a few pips above Friday's trough of 0.9351. The AUD/USD is currently trading at the 0.9360 zone, recording a 0.3% loss on the day, having fallen 0.8% on Friday, with a quiet session ahead as US celebrates the Veterans Day.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks below 0.9350, next supports are seen at 0.9333 (Oct 2 low) and 0.9300 (psychological level). On the other hand, resistances could be found at 0.9390 (daily high) and 0.9420 (Nov 1 low).