AUD/USD trading near daily low of 0.9275 - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that the aussie lost the 0.9300 level against the greenback on Tuesday and is now trading close to its daily low of 0.9275.

Key quotes

"The hourly chart shows price well below a bearish 20 SMA while indicators stand in oversold territory, far from suggesting a recovery."

"In the 4 hours chart the technical picture is also bearish, with a break now below 0.9260 required to confirm a new leg down."