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7 Oct 2013
AUD/USD's recovery stops at 0.9445
FXstreet.com (San Francisco) - After bouncing at 0.9385 and attempting to trade back into session highs at 0.9450, the AUD/USD has stopped at 0.9445 where the pair hasn't been able to continue uptrend. Currently it is pricing at 0.9430.
The AUD/USD is trading flat on the day. However, the short term perspective is now slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
On the downside, next supports are at 0.9420, 0.9385 and finally 0.9367 (low Oct.3). On the flip side, a breakout of 0.9459 (high Oct.4) would open the door to 0.9534 (high Sep.19) and then 0.9530 (high Sep.18).
The AUD/USD is trading flat on the day. However, the short term perspective is now slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
On the downside, next supports are at 0.9420, 0.9385 and finally 0.9367 (low Oct.3). On the flip side, a breakout of 0.9459 (high Oct.4) would open the door to 0.9534 (high Sep.19) and then 0.9530 (high Sep.18).