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5 Jul 2013
AUD/USD retreating lower
FXstreet.com (New York) - The AUD/USD foreign exchange rate recently retreated off session highs to pare its daily gains Friday during Asian trading.
AUD/USD relatively quiet during Asian trading
In these moments, the AUD/USD is currently settled at 0.9146, moments after being contained at the 0.9155 level (session high). Technically speaking, the Mataf.net analyst team points to resistances at 0.9180, then 0.9225, and 0.9285. On the decline, the pair will face supports at 0.9100, ahead of 0.9050, and finally 0.9000.
AUD/USD 0.9100 to provide strong support
According to Jim Langlands at FX Charts, “The AUD/USD downside will meet buyers at minor support at around 0.9100 today, below which we would head back towards 0.9070 and then to the 0.9035 low. Under 0.9000 would see us test the channel base now at 0.8920. Unlikely today I think unless the NFP is a very strong number indeed, suggesting that tapering is imminent.”
AUD/USD relatively quiet during Asian trading
In these moments, the AUD/USD is currently settled at 0.9146, moments after being contained at the 0.9155 level (session high). Technically speaking, the Mataf.net analyst team points to resistances at 0.9180, then 0.9225, and 0.9285. On the decline, the pair will face supports at 0.9100, ahead of 0.9050, and finally 0.9000.
AUD/USD 0.9100 to provide strong support
According to Jim Langlands at FX Charts, “The AUD/USD downside will meet buyers at minor support at around 0.9100 today, below which we would head back towards 0.9070 and then to the 0.9035 low. Under 0.9000 would see us test the channel base now at 0.8920. Unlikely today I think unless the NFP is a very strong number indeed, suggesting that tapering is imminent.”