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AUD/USD extends decline to 0.9660

FXstreet.com (San Francisco) - After falling around 165 pips following the Bernanke speech and breaking down the 0.9700 level, the AUD/USD traded at 11-month lows at 0.9660, where the pair seems to have found support.

Currently the AUD/USD is pricing at 0.9685, 1.20% negative on the day. The short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.

Below the 0.9660 area, next supports are at 0.9640 and 0.9600. On the upside, resistances are at 0.9740, 0.9800 and 0.9825.

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