10 Apr 2014
AUD/USD falls to 0.9400
FXStreet (San Francisco) - The AUD/USD is extending its rejection from 5-month highs around 0.9465 and now it is testing the 0.9400 support ahead of the American opening bell.
Currently, AUD/USD is trading at 0.9402, still up 0.12% on the day, having posted a daily high at 0.9465 and low at 0.9370. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
"Price action makes you wonder whether this morning's surge to 0.9461 was a blow-off top. Has that sort of feel to it," recently commented Jamie Coleman from FXBeat. "Lagarde's warning of a Chinese hard landing could help blow a bit of froth off the Aussie as well."
AUD/USD levels
There are stops seen around 0.9390/95 while bids are at 0.9370. Further supports are at 0.9350 and 0.9335. On the upside, resistances are at 0.9430 and 0.9465.
Currently, AUD/USD is trading at 0.9402, still up 0.12% on the day, having posted a daily high at 0.9465 and low at 0.9370. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
"Price action makes you wonder whether this morning's surge to 0.9461 was a blow-off top. Has that sort of feel to it," recently commented Jamie Coleman from FXBeat. "Lagarde's warning of a Chinese hard landing could help blow a bit of froth off the Aussie as well."
AUD/USD levels
There are stops seen around 0.9390/95 while bids are at 0.9370. Further supports are at 0.9350 and 0.9335. On the upside, resistances are at 0.9430 and 0.9465.