13 Dec 2013
AUD/USD hits fresh 3-month low
FXstreet.com (Córdoba) - The AUD/USD printed a fresh 3 ½-month low as broad-based USD strength dragged the pair near 0.8900 during the European session.
AUD/USD threatens 0.8900
The AUD/USD extended losses into a third consecutive day and bottomed out at 0.8908 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8915 zone, 0.2% below its opening price ahead of US PPI data, which is the only release left for the current week.
AUD/USD levels to watch
If the AUD/USD breaks decisively below 0.8900, it could fall toward 0.8891 (Aug 30 low) en-route to 0.8847 (2013 low). On the upside, resistances are seen at 0.8960 (daily high) and 0.9000 (psychological level).
AUD/USD threatens 0.8900
The AUD/USD extended losses into a third consecutive day and bottomed out at 0.8908 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8915 zone, 0.2% below its opening price ahead of US PPI data, which is the only release left for the current week.
AUD/USD levels to watch
If the AUD/USD breaks decisively below 0.8900, it could fall toward 0.8891 (Aug 30 low) en-route to 0.8847 (2013 low). On the upside, resistances are seen at 0.8960 (daily high) and 0.9000 (psychological level).