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5 Jul 2013
AUD/USD shows signs of bottoming out
FXstreet.com (New York) - The AUD/USD foreign exchange took a tumble earlier as the USD was invigorated by robust US payroll data.
AUD/USD bounces slightly off lows
Recently however, the pair finally looked to have bottomed out intraday, hitting lows at 0.9048 Friday. At the time of writing, the AUD/USD pair is operating at 0.9058, still incurring a loss of -0.98%. Following a move below the 0.9086 support, the Mataf.net Analyst Team points to further means of correction at 0.9025, ahead of 0.8987.
AUD/USD bearish scenario triggered
“The AUD/USD has tentatively broken the descending support but remains above the key supportive region at 0.9000 and thus our earlier bearish scenario was triggered.” notes the Technical Analyst Team at ICN.com.
AUD/USD bounces slightly off lows
Recently however, the pair finally looked to have bottomed out intraday, hitting lows at 0.9048 Friday. At the time of writing, the AUD/USD pair is operating at 0.9058, still incurring a loss of -0.98%. Following a move below the 0.9086 support, the Mataf.net Analyst Team points to further means of correction at 0.9025, ahead of 0.8987.
AUD/USD bearish scenario triggered
“The AUD/USD has tentatively broken the descending support but remains above the key supportive region at 0.9000 and thus our earlier bearish scenario was triggered.” notes the Technical Analyst Team at ICN.com.