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AUD/USD continues to threaten the downside

FXStreet (Guatemala) - AUD/USD pulled over to the slow lane and is easing back from the 55 day moving average at 0.9357 still.

AUD/USD continues on the offer and Karen Jones, chief analyst has warned the bulls of the support line at 0.9244 that is being targeted once again. “Once the August lows at 0.9240/39 give way, the 0.9182/79 May low and 200 day moving average will be eyed. We also find the 55 week ma in this vicinity at 0.9214 and the 32.8% Fibonacci retracement at 0.9182. These represent major break down points and we suspect that they will hold the initial test. Longer term failure at 0.9182 will trigger the start of a move to 0.8891, the March low”.

AUD/USD levels

The 20 DMA is 0.9308, the 50 DMA is 0.9355 and the 200 DMA is 0.9177. Supports are 0.9152, 0.9182, 0.9203, 0.9235, 0.9285 and 0.9304. Spot is 0.9345 with resistance at 0.9352 and 0.9376.

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