27 Jun 2013
AUD/USD surrenders grip on 0.9300 level
FXstreet.com (New York) - The AUD/USD technical pair fell below the 0.9300 level Thursday, having moved into negative territory and rescinded its earlier gains.
AUD/USD moves into negative territory
At the time of writing, the AUD/USD navigating the threshold between positive and negative territory, operating at 0.9270 in these moments, incurring a slight -0.03% decline off its opening. Despite the recent drop, the Mataf.net analyst team has identified the next short-term measures of support at 0.9236, then 0.9185, and 0.9131. Alternatively, resistance lies higher at 0.9341, onto 0.9395, and 0.9446.
AUD/USD bearishness seems prevalent
According to the Technical Analyst Team at ICN.com, “The AUD/USD pair is trading ever weakly and narrowly as time goes by, indicating a price explosion draws near in the period ahead. Trading below 0.9360 makes us believe that the price explosion may be bearish, especially as the stochastic demonstrates rather faint bullish momentum.”
AUD/USD moves into negative territory
At the time of writing, the AUD/USD navigating the threshold between positive and negative territory, operating at 0.9270 in these moments, incurring a slight -0.03% decline off its opening. Despite the recent drop, the Mataf.net analyst team has identified the next short-term measures of support at 0.9236, then 0.9185, and 0.9131. Alternatively, resistance lies higher at 0.9341, onto 0.9395, and 0.9446.
AUD/USD bearishness seems prevalent
According to the Technical Analyst Team at ICN.com, “The AUD/USD pair is trading ever weakly and narrowly as time goes by, indicating a price explosion draws near in the period ahead. Trading below 0.9360 makes us believe that the price explosion may be bearish, especially as the stochastic demonstrates rather faint bullish momentum.”