OctaFX | OctaFX Forex Broker
Open trading account

Forex: AUD/USD recovers from 8-month low

The Australian dollar has managed to trim part of its steep losses against the dollar during the European session, after a sharp sell-off sent the AUD/USD to a new 8-month low of 1.0114.

However, the Aussie remains among the worst performers today, having broken below several support levels such as 1.0180 and 1.0150. At time of writing, AUD/USD is trading around 1.0140/45, where it records a 0.5% loss on Monday.

As for technical levels, on the downside next supports could be found at 1.0114 (intraday low), 1.0100 (low Jul 12) and 1.0030 (low Jun 29). On the upside, resistances are seen at 1.0160 (20-hour SMA), 1.0200 (psychological level) and 1.0240 (high Mar 1).

Forex Flash: AUD/USD bearish while below 1.0291 - Commerzbank

Commerzbank analysts see the AUD/USD falling, now collapsing into 7 month lows. “The 1.0149 October 2012 low has been eroded. Our longer term target is 0.9805, the 2011-2012 support line and then 0.9404 the 2009 peak”, wrote analyst Karen Jones, watching a market directly offered below the 1.0291 resistance line. Above it, there is tougher resistance at 1.0375/80 and at 1.0402 the 55 day ma.
Read more Previous

Forex: EUR/CHF strengthens to 1.2250

The Swiss franc is trimming Friday’s losses, dragging the pair from levels around 1.2280/90 to the current region at 1.2250/55, as risk aversion continues to prevail amongst traders....
Read more Next
Start livechat