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AUD/USD now idles around the 0.93 handle on the come back

FXStreet (Guatemala) - AUD/USD is trading at 0.9303, up 0.01% on the day, having posted a daily high at 0.9306 and low at 0.9301.

AUD/USD is idling on the 0.93 handle around the figure into the end of the US session after a solid performance claiming back ground post yesterday’s decent. Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart shows indicators losing upward strength near overbought territory, while 20 SMA presents a bullish slope below current price. “In the 4 hours chart price stands right below its 20 SMA while indicators aim higher in negative territory, suggesting the rally is losing steam”.

AUD/USD resistance and support levels

Support levels: 0.9260 0.9220 0.9180

Resistance levels: 0.9330 0.9370 0.9410

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