Back
20 May 2015
AUD/USD breaks below 0.7880
FXStreet (Córdoba) - AUD/USD is falling further on Wednesday as the US dollar strengthens across the board and is trading below 0.7900, at the lowest level since May 8.
AUD/USD extending reversal
The pair continues to slide after hitting last week a multi-month high at 0.8162. Since then it has now fallen almost 300 pips. Today is losing ground for the fifth day in a row.
Recently, after moving in a range between 0.7910 and 0.7885, it broke to the downside and bottomed at 0.7868. Currently trades at 0.7870, down 0.54% for the day, holding a bearish tone ahead of the release of the FOMC minutes.
AUD/USD intraday technical levels
To the downside, support levels might lie at 0.7865, 0.7850 and0.7825. On the opposite direction, resistence now could be located at 0.7885, 0.7910 and 0.7935 (daily high).
AUD/USD extending reversal
The pair continues to slide after hitting last week a multi-month high at 0.8162. Since then it has now fallen almost 300 pips. Today is losing ground for the fifth day in a row.
Recently, after moving in a range between 0.7910 and 0.7885, it broke to the downside and bottomed at 0.7868. Currently trades at 0.7870, down 0.54% for the day, holding a bearish tone ahead of the release of the FOMC minutes.
AUD/USD intraday technical levels
To the downside, support levels might lie at 0.7865, 0.7850 and0.7825. On the opposite direction, resistence now could be located at 0.7885, 0.7910 and 0.7935 (daily high).