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18 Jul 2013
AUD/USD above 0.9200 going nowhere
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9230 bids, near session lows, and little changed from yesterday's Asia-Pacific open, off recent session highs at 0.9252.
AUD/USD medium term outlook bearish
“AUD/USD should be contained between important technical levels at .90/.9350 over coming sessions,” said FXWW founder Sean Lee, adding: “The very short-term outlook is moderately bullish so buy intraday dips to .9170 looking for .9300. The medium term outlook is definitely bearish, so sell a failure at .9325/50 looking for .9050 again.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at current levels as session lows 0.9220, followed by yesterday's lows/Friday's highs 0.9190, and Monday's highs at 0.9123. To the upside, closest resistance shows at recent session/Tuesday's highs 0.9254/62, followed by overnight's fresh weekly highs at 0.9292, and July 11 highs at 0.9306.
AUD/USD medium term outlook bearish
“AUD/USD should be contained between important technical levels at .90/.9350 over coming sessions,” said FXWW founder Sean Lee, adding: “The very short-term outlook is moderately bullish so buy intraday dips to .9170 looking for .9300. The medium term outlook is definitely bearish, so sell a failure at .9325/50 looking for .9050 again.”
AUD/USD key technical levels
Immediate support to the downside for AUD/USD lies at current levels as session lows 0.9220, followed by yesterday's lows/Friday's highs 0.9190, and Monday's highs at 0.9123. To the upside, closest resistance shows at recent session/Tuesday's highs 0.9254/62, followed by overnight's fresh weekly highs at 0.9292, and July 11 highs at 0.9306.