30 Oct 2013
AUD/USD holds on to 0.9470 zone; +100 pips lost
FXstreet.com (Chicago) - AUD/USD accumulates over 100 pips of losses so far extending a bearish move but maintaining the 0.9470 zone.
All major crosses against the greenback suffer from major pressure ahead of the Fed’s interest rate decision and the strengthening of the dollar.
Technically speaking, the pair fluctuates around immediate support after pulling off a bounce from 0.9459 session lows. Offered at 0.9480, the pair oscillates between the supports aligned at 0.9479 (October 11th highs), 0.9415 (October 8th lows) ahead of 0.9553 (September 11th highs) and the resistances set at 0.9523 (September 18th highs), 0.96 (October 22nd lows) followed by 0.9676 (October 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish below the EMA20.
All major crosses against the greenback suffer from major pressure ahead of the Fed’s interest rate decision and the strengthening of the dollar.
Technically speaking, the pair fluctuates around immediate support after pulling off a bounce from 0.9459 session lows. Offered at 0.9480, the pair oscillates between the supports aligned at 0.9479 (October 11th highs), 0.9415 (October 8th lows) ahead of 0.9553 (September 11th highs) and the resistances set at 0.9523 (September 18th highs), 0.96 (October 22nd lows) followed by 0.9676 (October 22nd highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish below the EMA20.