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17 Jun 2013
AUD/USD finds support at 0.9525
FXstreet.com (San Francisco) - After declining around 100 pips in the American session from 0.9620, the AUD/USD broke the 0.9550 support to find support at 0.9525.
Now the AUD/USD is trading at 0.9540, 0.20% negative on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the North while the Stochastic is bullish.
USD strength weights on AUD/USD
The Greenback is trading higher today as US economic indicators have came above expectations. As for technical levels, a breach of 0.9525 (intra-day low) would bring the psychological level at 0.9500 and finally 0.9430 (low Jun.13). On the upside, resistance levels align at 0.9655 (high Jun.14) ahead of 0.9665 (high Jun.13) and then 0.9675 (high Jun.6).
Now the AUD/USD is trading at 0.9540, 0.20% negative on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the North while the Stochastic is bullish.
USD strength weights on AUD/USD
The Greenback is trading higher today as US economic indicators have came above expectations. As for technical levels, a breach of 0.9525 (intra-day low) would bring the psychological level at 0.9500 and finally 0.9430 (low Jun.13). On the upside, resistance levels align at 0.9655 (high Jun.14) ahead of 0.9665 (high Jun.13) and then 0.9675 (high Jun.6).