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AUD/USD advances within range - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that after setting the daily high of 0.9052 at the beginning of the Asian session, and a low of 0.8988 in early Europe, AUD/USD is now rising within range.

Key quotes

"The 1 hour chart shows price a few pips above a flat 20 SMA and momentum around 100, showing no actual strength."

"In the 4 hours chart indicators correct from oversold levels yet remain in negative territory, while 20 SMA maintains a strong bearish slope above current price, which helps keep the upside limited."

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USD/CAD completes the 1.1000 trip, but it holds

The USD/CAD fell around 70 pips from 1.1070 in the latest few hours to test the 1.1000 level where the pair found buying interest that launched the pair back to 1.1020.
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