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AUD/USD catching support on a big slide

FXStreet (Barcelona) - AUD/USD is trading at 0.8739, down -0.25% on the day, having posted a daily high at 0.8768 and low at 0.8719.

AUD/USD has recovered from a slide that took out stops and lead to a test of the 0.8720 zone. A significant move that fell out of the sideway channel and puts an extension of the downside from through 0.8820 on the week. This has yet to come with much conviction and remains within the realms of the consolidation set in October from the fall in September when the pair left the 94.0 handle in a swift downward trend to current levels.

AUD/USD noteworthy levels

With spot trading at 0.8739, we can see next resistance ahead at 0.8744 (Weekly Low), 0.8749 (Yesterday's Low), 0.8752 (Weekly Classic PP),
0.8762 (Daily Open) and 0.8763 (Hourly 20 EMA). Support below can be found at 0.8737 (Daily Classic S1), 0.8719 (Daily Low), 0.8713 (Daily Classic S2), 0.8677 (Daily Classic S3) and 0.8673 (Monthly Low).

AUD/JPY taking out stops and on towards S1

AUD/JPY is trading at 94.22, down -0.66% on the day, having posted a daily high at 94.92 and low at 94.12.
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