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25 Jun 2013
AUD/USD easing subsides
FXstreet.com (New York) - The AUD/USD technical pair continued to retreat off he 0.9275 level before stabilizing recently at 0.9245 Wednesday during Asian trading.
AUD/USD grounded after recent movement
Presently, the AUD/USD is now operating in positive territory at 0.9356, up a slight +0.02% in these moments. According to the analyst team at Mataf.net, resistive structures will trigger at 0.9317, onto 0.9383, and finally 0.9468. Conversely, the pair will face support at 0.9166, ahead 0.9081, and eventually 0.9015.
AUD/USD consolidation likely
“The AUD/USD has reached its initial downside target of 0.9150/47, this is the 38.2% retracement of the move from 2008 to 2011. We suspect that we will see some consolidation above here.” notes Karen Jones, an analyst at Commerzbank.
AUD/USD grounded after recent movement
Presently, the AUD/USD is now operating in positive territory at 0.9356, up a slight +0.02% in these moments. According to the analyst team at Mataf.net, resistive structures will trigger at 0.9317, onto 0.9383, and finally 0.9468. Conversely, the pair will face support at 0.9166, ahead 0.9081, and eventually 0.9015.
AUD/USD consolidation likely
“The AUD/USD has reached its initial downside target of 0.9150/47, this is the 38.2% retracement of the move from 2008 to 2011. We suspect that we will see some consolidation above here.” notes Karen Jones, an analyst at Commerzbank.