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Aug 21, 2014
AUD/USD bearishness picking up below 0.93 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9284, down -0.02% on the day, having posted a daily high at 0.9291 and low at 0.9279.
AUD/USD has not found the extra fuel yet below the 0.93 handle and past 0.9280. That it so needs to be a convincing break of the level, however, on attempts from the bulls back onto 0.93, the pair is denied territory. However, in the 4 hours chart, Valeria Badnarik, chief analyst at FXStreet explained that the 20 SMA maintains a strong bearish slope and caps the upside around 0.9310, while indicators turned lower in negative territory, pointing for a continued slide that will likely extend on a strong break below 0.9250/60 strong static support zone.
AUD/USD support and resistance levels
Support levels: 0.9260 0.9220 0.9180
Resistance levels: 0.9330 0.9370 0.9410
AUD/USD has not found the extra fuel yet below the 0.93 handle and past 0.9280. That it so needs to be a convincing break of the level, however, on attempts from the bulls back onto 0.93, the pair is denied territory. However, in the 4 hours chart, Valeria Badnarik, chief analyst at FXStreet explained that the 20 SMA maintains a strong bearish slope and caps the upside around 0.9310, while indicators turned lower in negative territory, pointing for a continued slide that will likely extend on a strong break below 0.9250/60 strong static support zone.
AUD/USD support and resistance levels
Support levels: 0.9260 0.9220 0.9180
Resistance levels: 0.9330 0.9370 0.9410