Forex: AUD/USD trading at 0.9200

on Jul 1, 2013
Listen Monday July 01st_: The AUD/USD opened today at 0.9140 and has since reached an intraday high at 0.9205. The pair is currently changing hands at 0.9195.

The daily and 4H charts are showing a forming convergence on the MACD indicator, which may bring consolidations and push the price higher.
The pair is trading below the 89- and 200-period moving averages on the daily, 4H and 1H timeframes, indicating a downtrend in progress.
Resistance levels to be considered today: 0.9200, 0.9285 and 0.9340.
Support levels: 0.9165, 0.9110 and 0.9080.

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