Forex: AUD/USD Stalls Near 33-month Low

on Jun 20, 2013

After hitting the MA89 on the 1H and 4H charts at 0.9555, the AUD/USD yesterday declined to 0.9278. Today’s Asian trading pushed the pair even deeper. So far today the quote has reached 0.9162, its lowest point since 09 September 2010.

For the week so far, the US dollar has gained 3.67 percent against the Australian dollar, more than against the other majors.
At press time the quote is around 0.9190.
In the longer term, the targets for a downward movement would be 0.8770, 0.8315 and 0.8064.
Resistance levels for today: 0.9315, 0.9435 and 0.9495.
Support levels for the day: 0.9175, 0.9120, 0.9100 and 0.9000.
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AUD Forex