30 Jul 2013
AUD/USD settles in a range
FXstreet.com (Córdoba) - The AUD/USD entered in a consolidation phase during the American afternoon, after hitting a 2-week low weighed by the RBA dovish statement.
AUD/USD finds support at 0.9040
AUD/USD came under strong pressure during the Asian session after the Reserve Bank of Australia Governor Glenn Stevens said the aussie could fall further and there was room for more interest rate cuts. The pair then extended losses throughout the European and the American sessions to before finding support at the 0.9040 zone.
AUD/USD managed to settle in a narrow range where it has spent the last hours and it is currently trading at the 0.9055/60 area, where it records a 1.5% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks below 0.9040, next supports could be found at 0.9035 (Jul 15 low) and 0.8997 (3-year low scored on Jul 14). On the other hand, resistances could now be faced 0.9100 (psychological level) and 0.9150 (intraday level).
AUD/USD finds support at 0.9040
AUD/USD came under strong pressure during the Asian session after the Reserve Bank of Australia Governor Glenn Stevens said the aussie could fall further and there was room for more interest rate cuts. The pair then extended losses throughout the European and the American sessions to before finding support at the 0.9040 zone.
AUD/USD managed to settle in a narrow range where it has spent the last hours and it is currently trading at the 0.9055/60 area, where it records a 1.5% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks below 0.9040, next supports could be found at 0.9035 (Jul 15 low) and 0.8997 (3-year low scored on Jul 14). On the other hand, resistances could now be faced 0.9100 (psychological level) and 0.9150 (intraday level).