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12 Jul 2013
AUD/USD tumbles lower towards support
FXstreet.com (New York) - The AUD/USD foreign exchange rate made a recovery attempt that faltered at the 0.9070 region, exacerbating losses across US trading.
As such, the AUD/USD is now settling at 0.9047, incurring robust losses of -1.52% off its opening Friday. The next supportive measures lie at 0.9040, followed by the critical 0.9000 barrier, and 0.8975, calculates the Mataf.net analyst team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The AUD/SD sold-off strongly, breaking the minor ascending support and 0.9100 level, while RSI dips below 50 level, and thus momentum has turned bearish over intraday basis.”
As such, the AUD/USD is now settling at 0.9047, incurring robust losses of -1.52% off its opening Friday. The next supportive measures lie at 0.9040, followed by the critical 0.9000 barrier, and 0.8975, calculates the Mataf.net analyst team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The AUD/SD sold-off strongly, breaking the minor ascending support and 0.9100 level, while RSI dips below 50 level, and thus momentum has turned bearish over intraday basis.”