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16 Jul 2013
AUD/USD held by resistance
FXstreet.com (New York) - The AUD/USD foreign exchange rate is presently retesting its daily highs at 0.9239 Tuesday, having strengthened during US trading.
In these moments, the AUD/USD is notching a robust gain of +1.34% above it’s opening, now trading at 0.9229, during US trading. Following a push above resistance at 0.9201, the AUD/USD is slated to face resistances at 0.9226, onto 0.9275, and finally 0.9306, notes the Danske Research Team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “AUD/USD is struggling to maintain gains, but is unlikely at this point to sustain a break below .9000. While we may see some near term consolidation around this level (we note once more the divergence of the daily RSI), near term rebounds are likely to remain quite tepid.”
In these moments, the AUD/USD is notching a robust gain of +1.34% above it’s opening, now trading at 0.9229, during US trading. Following a push above resistance at 0.9201, the AUD/USD is slated to face resistances at 0.9226, onto 0.9275, and finally 0.9306, notes the Danske Research Team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “AUD/USD is struggling to maintain gains, but is unlikely at this point to sustain a break below .9000. While we may see some near term consolidation around this level (we note once more the divergence of the daily RSI), near term rebounds are likely to remain quite tepid.”