Back
2 Aug 2013
AUD/USD finds buyers above 0.8900
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.8918, off fresh session and 35-month lows at the 0.8890, following Australian Treasurer Bowen releasing the government’s economic statement.
AUD/USD short term bullish divergences
“While staying short strategically,” said FX Charts analyst Jim Langlands, “keep an eye on the short term bullish divergence, which is hinting at the chance of a mild bounce before the downtrend resumes,” Langland added.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at yesterday's lows 0.8904, followed by recent session/35-month low at 0.8890, while to the upside closest resistance shows at yesterday's lows at 0.8923, followed by Wednesday's lows at 0.8933.
AUD/USD short term bullish divergences
“While staying short strategically,” said FX Charts analyst Jim Langlands, “keep an eye on the short term bullish divergence, which is hinting at the chance of a mild bounce before the downtrend resumes,” Langland added.
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at yesterday's lows 0.8904, followed by recent session/35-month low at 0.8890, while to the upside closest resistance shows at yesterday's lows at 0.8923, followed by Wednesday's lows at 0.8933.