Back
2 Jul 2014
AUD/USD on consolidation phase as bears loom
FXStreet (San Francisco) - The Aussie found support around 0.9425 against the US Dollar as the Greenback's strengthening gave a break to the AUD/USD. Now the pair is trading in consolidation mode; however the bears are still in control.
Currently, AUD/USD is trading at 0.9438, down 0.62% on the day, having posted a daily high at 0.9500 and low at 0.9429. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair turns into recovery mode, it would face resistances at 0.9445, 0.9450 and 0.9465. On the downside, a break of 0.9425 would expose further supports at 0.9410 and 0.9400.
Currently, AUD/USD is trading at 0.9438, down 0.62% on the day, having posted a daily high at 0.9500 and low at 0.9429. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair turns into recovery mode, it would face resistances at 0.9445, 0.9450 and 0.9465. On the downside, a break of 0.9425 would expose further supports at 0.9410 and 0.9400.