25 Jul 2013
AUD/USD finds intraday ceiling at 0.9160
FXstreet.com (Barcelona) - The AUD/USD has been edging higher since the Tokyo open, reverting the downward bias initated at 0.9270 and that found a temporary bottom at 0.9130, where emerging bids snapped the pair back towards 0.9150
The bounce off the 61.8% fib from the 0.8998/0.9320 move at 0.9130 allowed the AUD/USD to build higher highs and higher lows intraday, with 0.9145 and 0.9140 the immediate support levels to hold should the structure continue its course. According to John Noonan, Head of IFR Markets: "The AUD/USD is idling around 0.9150 amid talk of option strikes at that level."
The bounce off the 61.8% fib from the 0.8998/0.9320 move at 0.9130 allowed the AUD/USD to build higher highs and higher lows intraday, with 0.9145 and 0.9140 the immediate support levels to hold should the structure continue its course. According to John Noonan, Head of IFR Markets: "The AUD/USD is idling around 0.9150 amid talk of option strikes at that level."