21 Jul 2014
AUD/USD finds support at 0.9370
FXStreet (San Francisco) - The Aussie's decline from the 0.9400 area against the US Dollar was supported at 0.9370 where the AUD/USD found buying interest as it bounced back to 0.9380.
Currently, AUD/USD is trading at 0.9379, down 0.17% on the day, having posted a daily high at 0.9402 and low at 0.9371. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
AUD/USD sentiment
"Range 0.9400-0.9370 Struggled to crack 0.9400 in Asia and gave up the ghost as Europe stepped up and sold it back to 0.9370," comments Matt Bacon-Hall from FXBeat. "RBA Governor Stevens and his willing deputy Debelle speak tomorrow. Lets hope they give the market something."
If the pair breaks below the 0.9370, next supports are at 0.9355 and 0.9330. On the upside, resistances re at 0.9380, 0.9400 and 0.9410.
Currently, AUD/USD is trading at 0.9379, down 0.17% on the day, having posted a daily high at 0.9402 and low at 0.9371. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish.
AUD/USD sentiment
"Range 0.9400-0.9370 Struggled to crack 0.9400 in Asia and gave up the ghost as Europe stepped up and sold it back to 0.9370," comments Matt Bacon-Hall from FXBeat. "RBA Governor Stevens and his willing deputy Debelle speak tomorrow. Lets hope they give the market something."
If the pair breaks below the 0.9370, next supports are at 0.9355 and 0.9330. On the upside, resistances re at 0.9380, 0.9400 and 0.9410.