24 Jun 2013
AUD/USD recovery capped by 0.9200
FXstreet.com (Córdoba) - The AUD/USD bounced from a nearly 3-year low and managed to trim some of its intraday losses ahead of the New York opening bell.
AUD/USD prints lowest since September 2010
AUD/USD fell to a low of 0.9143, last seen September 2010, weighed by worries about the financial system in China, but it found buyers and climbed back to the 0.9200 area in recent dealings, although the round level has capped the upside. At time of writing, AUD/USD is trading at the 0.9190 area, where it is still 0.2% below its opening price.
As for technical levels, if AUD/USD breaks decisively below 0.9140, next supports could be found at 0.9100 (psychological level/ Sep 8 2010 low) and 0.9090 (Sep 7 2010 low), while the 0.9200 area should offer immediate resistance on bounces, followed by the 0.9250 region (daily high).
AUD/USD prints lowest since September 2010
AUD/USD fell to a low of 0.9143, last seen September 2010, weighed by worries about the financial system in China, but it found buyers and climbed back to the 0.9200 area in recent dealings, although the round level has capped the upside. At time of writing, AUD/USD is trading at the 0.9190 area, where it is still 0.2% below its opening price.
As for technical levels, if AUD/USD breaks decisively below 0.9140, next supports could be found at 0.9100 (psychological level/ Sep 8 2010 low) and 0.9090 (Sep 7 2010 low), while the 0.9200 area should offer immediate resistance on bounces, followed by the 0.9250 region (daily high).