11 Jul 2013
AUD/USD rejected from 2-week highs at 0.9300
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last quoted at 0.9215, off recent session and 2-week highs shy of the 0.93 handle, printed on the back of FED Bernanke's dovish comments, and just few minutes way from Australian unemployment change data at 01:30 GMT.
AUD/USD support at 0.9100
According to FX Charts analyst Jim Langlands: “The short term charts have turned sharply lower again after the rise to 0.9235 and there is some support at 0.9100 but below here would head back to 0.9070 and then to the recent low at 0.9035. There should be plenty of protection at 0.9000 but eventually I still think we are heading in this direction and eventually towards 0.8800.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at Tuesday's highs 0.9202, followed by Monday's highs at 0.9145, and recent session lows at 0.9090. To the upside, closest resistance shows at July 01 highs 0.9250, followed by recent session highs at 0.93, and June 11 lows at 0.9325.
AUD/USD support at 0.9100
According to FX Charts analyst Jim Langlands: “The short term charts have turned sharply lower again after the rise to 0.9235 and there is some support at 0.9100 but below here would head back to 0.9070 and then to the recent low at 0.9035. There should be plenty of protection at 0.9000 but eventually I still think we are heading in this direction and eventually towards 0.8800.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at Tuesday's highs 0.9202, followed by Monday's highs at 0.9145, and recent session lows at 0.9090. To the upside, closest resistance shows at July 01 highs 0.9250, followed by recent session highs at 0.93, and June 11 lows at 0.9325.