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12 Sep 2013
Flash: AUD/USD selling pressure re-emerges – UBS
FXstreet.com (Lisbon) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.
Key quotes
In terms of the AUD/USD, “Fresh selling pressure materialized this morning. Support focus is at 0.9178, a break below which would extend the weakness to 0.9069. Resistance is at 0.9354 ahead of the main 0.9510, suggesting a bearish outlook.”
Moving to the USD/CAD, “There is a strong support at 1.0241, a close below which would be negative. Resistance is at 1.0380 ahead of 1.0436, suggesting a bullish outlook.”
Key quotes
In terms of the AUD/USD, “Fresh selling pressure materialized this morning. Support focus is at 0.9178, a break below which would extend the weakness to 0.9069. Resistance is at 0.9354 ahead of the main 0.9510, suggesting a bearish outlook.”
Moving to the USD/CAD, “There is a strong support at 1.0241, a close below which would be negative. Resistance is at 1.0380 ahead of 1.0436, suggesting a bullish outlook.”