16 Jul 2014
AUD/USD trims losses, holds below 0.9380
FXStreet (Córdoba) - The AUD/USD posted modest losses on Tuesday and the lowest daily close in a week. During the American session extended the bearsih movement and bottomed at 0.9348 but then rebounded.
The recovery from the lows found resistance at 0.9375. In the last hours the AUD/USD has been steady hovering around 0.9370, 20 pips below Monday’s closing price.
Despite falling against the US dollar, during Wall Street the Aussie gained momentum, limiting the AUD/USD decline and boosting the AUD/NZD, that surged from 1.6040 and climbed to 1.0690, the highest price since last Thursday.
The recovery from the lows found resistance at 0.9375. In the last hours the AUD/USD has been steady hovering around 0.9370, 20 pips below Monday’s closing price.
Despite falling against the US dollar, during Wall Street the Aussie gained momentum, limiting the AUD/USD decline and boosting the AUD/NZD, that surged from 1.6040 and climbed to 1.0690, the highest price since last Thursday.