Back
22 Nov 2013
AUD/USD gravity’s stronger at 10-week lows
FXstreet.com (Chicago) - AUD/USD continues subdued around 10-week lows at the 0.9160 zone completing a total daily retracement worth 75 pips and weekly loss of 214 pips so far.
AUD/USD Technical Levels
Technically speaking, daily and 4HR charts reveal high bearish pressure that sends the pair to 10-week lows minutes away from the closing of Wall Street. After breaking the neckline from a H&S pattern, the pair touches 0.9143 session lows. Offered at 0.9162, the pair oscillates between the supports aligned at 0.9122 (July 25th lows), 0.9077 (July 16th lows) ahead of 0.9046 (July 7th lows) and the resistances set at 0.9191 (November 21st lows), 0.9247 (November 21st highs) followed by 0.9285 (September 29th lows).
AUD/USD Technical Levels
Technically speaking, daily and 4HR charts reveal high bearish pressure that sends the pair to 10-week lows minutes away from the closing of Wall Street. After breaking the neckline from a H&S pattern, the pair touches 0.9143 session lows. Offered at 0.9162, the pair oscillates between the supports aligned at 0.9122 (July 25th lows), 0.9077 (July 16th lows) ahead of 0.9046 (July 7th lows) and the resistances set at 0.9191 (November 21st lows), 0.9247 (November 21st highs) followed by 0.9285 (September 29th lows).