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AUD/USD vulnerable below 0.9300

FXStreet (Córdoba) - The Australian dollar is trading back below 0.9300 Wednesday, weighed by falling stocks and a more cautious mood.

The AUD/USD came under pressure yesterday after the latest upside attempt was capped by the 100-day SMA at the 0.9345 area and as solid US data gave the greenback a boost. The Aussie extended the slide toward a 1-week low of 0.9277 before finding support and recovering slightly.

AUD/USD levels to watch

At time of writing, the AUD/USD is trading at the 0.9285 area, 0.17% below its opening price, with immediate supports seen at 0.9277 (Aug 20 low), 0.9262 (Aug 13 low) and 0.9238 (Aug 8 low). On the flip side, resistances could be found at 0.9321 (20-day SMA), 0.9340/45 (100-day SMA/Aug 19 high) and 0.9366 (50-day SMA).

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