19 Jul 2013
AUD/USD capped below Tues lows at 0.9190
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last pushing to fresh session highs at 0.9185, off daily lows at 0.9135, capped below Tuesday's lows and late London session highs at 0.9190.
AUD/USD looks very oversold
“Risk sentiment is improving but the market is still sour on the Aussie, and this will need to change in order for the big technical levels to break,” said FXWW founder Sean Lee, adding: “AUD/USD looks very oversold on most daily indicators and I favour a recovery back toward more neutral levels at .9600 in coming weeks. We could see some extended short-term movements between .9050/.9350 as cross flows dominate but I’m in the buy-dips camp.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent daily lows at 0.9140/35, followed by Monday's highs at 0.9123, and Tuesday's lows at 0.9084. To the upside, closest resistance shows at Wednesday's lows 0.9190, followed by yesterday's//Tuesday's highs at 0.9254/62, and Wednesday's weekly highs at 0.9292.
AUD/USD looks very oversold
“Risk sentiment is improving but the market is still sour on the Aussie, and this will need to change in order for the big technical levels to break,” said FXWW founder Sean Lee, adding: “AUD/USD looks very oversold on most daily indicators and I favour a recovery back toward more neutral levels at .9600 in coming weeks. We could see some extended short-term movements between .9050/.9350 as cross flows dominate but I’m in the buy-dips camp.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at recent daily lows at 0.9140/35, followed by Monday's highs at 0.9123, and Tuesday's lows at 0.9084. To the upside, closest resistance shows at Wednesday's lows 0.9190, followed by yesterday's//Tuesday's highs at 0.9254/62, and Wednesday's weekly highs at 0.9292.