14 Jul 2014
AUD/USD eyes daily lows
FXStreet (Córdoba) - The AUD/USD failed to hold above 0.9400 and weakened, approaching daily lows. Price hit a session low at 0.9386 and currently trades at 0.9389, practically flat for the day.
The Aussie and the Kiwi weaned after Wall Street opening despite rising stocks in Wall street.
AUD/USD technical outlook
The pair continues to move in ranges, facing resistance between 0.9405 and 0.9410. To the downside the pair bottomed during the Asian session at 0.9375, that also gave support Friday.
The Aussie holds a bullish tone against the US dollar on a wider perspective but continues to move with a neutral tone in the short term.
The Aussie and the Kiwi weaned after Wall Street opening despite rising stocks in Wall street.
AUD/USD technical outlook
The pair continues to move in ranges, facing resistance between 0.9405 and 0.9410. To the downside the pair bottomed during the Asian session at 0.9375, that also gave support Friday.
The Aussie holds a bullish tone against the US dollar on a wider perspective but continues to move with a neutral tone in the short term.