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30 Sep 2013
AUD/USD stalled around 10-day lows below 0.93
FXstreet.com (Chicago) - AUD/USD stalled after steep plunged last Friday on hawkish comments by a member of the FOMC. Ahead of a potentially high volatile week for the dollar as the US governments faces a possible shutdown, the pair remains trading low-key.
US political turmoil and AUD data
Ahead of the TD securities inflation and the private sector credit results in Australia amid a political turmoil in Washington, the aussie remains heavy around 10-day lows printing lower highs and lows and extending the bearish channel starting last September 23rd.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9294 and oscillates between supports aligned at 0.9280 (September 17th lows), 0.9222 (September 13th lows) ahead of 0.9186 (September 5th highs) and resistances set at 0.9317 (September 18th lows), 0.9356 (September 23rd lows) followed by 0.9391 (September 25th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.
US political turmoil and AUD data
Ahead of the TD securities inflation and the private sector credit results in Australia amid a political turmoil in Washington, the aussie remains heavy around 10-day lows printing lower highs and lows and extending the bearish channel starting last September 23rd.
AUD/USD Technical Levels
Technically speaking, the pair trades at 0.9294 and oscillates between supports aligned at 0.9280 (September 17th lows), 0.9222 (September 13th lows) ahead of 0.9186 (September 5th highs) and resistances set at 0.9317 (September 18th lows), 0.9356 (September 23rd lows) followed by 0.9391 (September 25th highs). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.