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15 Apr 2013
Forex: AUD/USD tests 1.0300/10 zone, lowest since March 13th
FXstreet.com (San Francisco) - The Aussie is extending its losses against its American counterpart and after collapsing around 110 pips in the American session from 1.0420, the AUD/USD has broken down the 1.0350 level and test the minimum since March 13th at 1.0305.
Currently the pair is trading at 1.0315, 1.80% below opening price. The pair is slightly bearish according to the FXstreet.com Trend Index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic going higher.
Below 1.0300 (low Mar.12), next supports are at 1.0285 region and 1.0200. On the upside, a break above 1.0397 (MA200d) would the target 1.0425 (hourly high Apr.15).
Currently the pair is trading at 1.0315, 1.80% below opening price. The pair is slightly bearish according to the FXstreet.com Trend Index with indicators such as MACD, CCI and Momentum pointing lower while the Stochastic going higher.
Below 1.0300 (low Mar.12), next supports are at 1.0285 region and 1.0200. On the upside, a break above 1.0397 (MA200d) would the target 1.0425 (hourly high Apr.15).