15 Jul 2014
AUD/USD extends 0.9360 bounce to 0.9380
FXStreet (San Francisco) - After falling 40 pips from 0.9400 throughout the Asian and European session, the AUD/USD found support at 0.9360 just ahead of the American opening bell where buying interest was seen.
The bounce sent the pair to 0.9380. Currently, AUD/USD is trading at 0.9378, down -0.17% on the day, having posted a daily high at 0.9403 and low at 0.9359. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD sentiment
According to Gerry Davies, "Sell orders clustered up at 0.9390 to 0.9410, buy stops gathering through 0.9410."
On the downside, there are talks of sell stops around 0.9350/60.
The bounce sent the pair to 0.9380. Currently, AUD/USD is trading at 0.9378, down -0.17% on the day, having posted a daily high at 0.9403 and low at 0.9359. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD sentiment
According to Gerry Davies, "Sell orders clustered up at 0.9390 to 0.9410, buy stops gathering through 0.9410."
On the downside, there are talks of sell stops around 0.9350/60.