24 Apr 2014
AUD/USD extends decline to 0.9250
FXStreet (San Francisco) - The Aussie is extending its decline against the US dollar following the better than expected durable goods orders in March.
After dropping 50 pips from 0.9300 in the European session, the AUD/USD is now testing the 0.9250, lows since April 7.
Currently, AUD/USD is trading at 0.9255, down 0.38% on the day, having posted a daily high at 0.9303 and low at 0.9253. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
Below the 0.9250, next supports are seen at 0.9220 and 0.9200. To the upside, resistances are at 0.9265, 0.9300 and 0.9320.
After dropping 50 pips from 0.9300 in the European session, the AUD/USD is now testing the 0.9250, lows since April 7.
Currently, AUD/USD is trading at 0.9255, down 0.38% on the day, having posted a daily high at 0.9303 and low at 0.9253. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
Below the 0.9250, next supports are seen at 0.9220 and 0.9200. To the upside, resistances are at 0.9265, 0.9300 and 0.9320.