8 Aug 2013
AUD/USD rally capped at 0.9130 region
FXstreet.com (New York) - The AUD/USD foreign exchange rate found itself surging Thursday, trading as high as 0.9127 (intraday high), before the movement higher consequently faltered in recent moments.
Presently, the AUD/USD is operating off its highs at 0.9108, still securing a robust gain of +1.16% above its opening. Technically speaking, resistances will trigger for the pair at 0.9109 onto 0.9130, and 0.9200, notes the Technical Analyst Team at ICN.com.
AUD/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD remains upside corrective short term and has eroded the 0.9000 July low – it is well placed to challenge the .9149 downtrend. Between here and 0.9320 we should see failure and the resumption of the longer term bear trend.”
Presently, the AUD/USD is operating off its highs at 0.9108, still securing a robust gain of +1.16% above its opening. Technically speaking, resistances will trigger for the pair at 0.9109 onto 0.9130, and 0.9200, notes the Technical Analyst Team at ICN.com.
AUD/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD remains upside corrective short term and has eroded the 0.9000 July low – it is well placed to challenge the .9149 downtrend. Between here and 0.9320 we should see failure and the resumption of the longer term bear trend.”