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19 Sep 2013
AUD/USD plunges to 0.9427 lows
FXstreet.com (Chicago) - AUD/USD bottoms performers with a 0.92% decline so far against a stronger dollar in the afternoon of the American trading session.
AUD/USD Technical Levels
Price action reveals the pair continues declining on a stronger greenback to register new lows at 0.9427. Market participants reacted positively to better than expected job market results and promising housing market data. Offered at 0.9433, the pair oscillates between supports aligned at 0.9391 (September 13th highs), 0.9356 (September 11th highs) ahead of 0.9318 (September 10th highs) and resistances set at 0.9431 (June 19th lows), 0.9478 (May 30th highs) followed by 0.9528 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and is offered below the EMA20.
AUD/USD Technical Levels
Price action reveals the pair continues declining on a stronger greenback to register new lows at 0.9427. Market participants reacted positively to better than expected job market results and promising housing market data. Offered at 0.9433, the pair oscillates between supports aligned at 0.9391 (September 13th highs), 0.9356 (September 11th highs) ahead of 0.9318 (September 10th highs) and resistances set at 0.9431 (June 19th lows), 0.9478 (May 30th highs) followed by 0.9528 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and is offered below the EMA20.