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2 Jun 2014
AUD/USD reacts and recovers the 0.9250
FXStreet (San Francisco) - After declining around 85 pips in the day from 0.9320, the AUD/USD seems to have found support at 0.9235 where the pair bounced back to trade at 0.9250.
Currently, AUD/USD is trading at 0.9247, down 0.67% on the day, having posted a daily high at 0.9315 and low at 0.9233. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
RSI is now at 47.92, up from the last hourly print at 30.35, with ADX at 26.86, down from its previous close at 43.44.
AUD/USD levels
According to Matt Bacon-Hall from FXBeat there are buy orders around 0.9215/25 and sell stops at 0.9210. Further technical levels say that 0.9208 (low May 21) and then 0.9179 (200-d MA) are supports. On the upside, a break above 0.9305 (50-d MA) would open the door to 0.9330 (high May 30) and 0.9335 (high May 20).
Currently, AUD/USD is trading at 0.9247, down 0.67% on the day, having posted a daily high at 0.9315 and low at 0.9233. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
RSI is now at 47.92, up from the last hourly print at 30.35, with ADX at 26.86, down from its previous close at 43.44.
AUD/USD levels
According to Matt Bacon-Hall from FXBeat there are buy orders around 0.9215/25 and sell stops at 0.9210. Further technical levels say that 0.9208 (low May 21) and then 0.9179 (200-d MA) are supports. On the upside, a break above 0.9305 (50-d MA) would open the door to 0.9330 (high May 30) and 0.9335 (high May 20).