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3 Jul 2014
AUD/USD heading to 0.9260? - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that it was not a good day for Aussie buyers, with the currency under pressure since past Asian session.
Key Quotes:
“RBA Governor Stevens said there had not been any thoughts of raising interest rates, and that the economic policy will remain steady for long”.
“US employment did the rest, and the pair sunk towards the latest support, down to 0.9328; buyers so far defended the level, but the bounce remains shallow and capped below a daily ascendant trend line coming from this year low of 0.8659 broken this Thursday”.
“In the 4 hours chart indicators aim slightly higher in oversold levels, but far from supporting an upward movement at the time being”.
“Further downward pressure below mentioned support may see the pair extending down to 0.9260, strong midterm support, yet opening doors then for a continued slide for the upcoming days”.
Key Quotes:
“RBA Governor Stevens said there had not been any thoughts of raising interest rates, and that the economic policy will remain steady for long”.
“US employment did the rest, and the pair sunk towards the latest support, down to 0.9328; buyers so far defended the level, but the bounce remains shallow and capped below a daily ascendant trend line coming from this year low of 0.8659 broken this Thursday”.
“In the 4 hours chart indicators aim slightly higher in oversold levels, but far from supporting an upward movement at the time being”.
“Further downward pressure below mentioned support may see the pair extending down to 0.9260, strong midterm support, yet opening doors then for a continued slide for the upcoming days”.