AUD/USD bounces at 0.8975, 2-week highs, but remains bearish

FXstreet.com (San Francisco) - After falling around 60 pips from 0.9035 following the FOMC minutes release the AUD/USD found support at the lowest level since August 7th at 0.8975. At this price the pair bounced hard to trade at 0.9050 but the Aussie was unable to hold it and now it's moving back.

Currently, the AUD/USD is trading around 0.9000, 0.79% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

Next supports are at 0.8970, 0.8925 and 0.8850. On the upside, resistances are at 0.9050, 0.9095 and 0.9130.