1 Aug 2013
USD/CAD resurfaces from 5-week depths
FXstreet.com (Chicago) - AUD/USD reemerged from 5-week lows on the aftermath of FOMC’s interest rate decision.
Trading at 1.0283 at moment of writing, the greenback continued to strengthen breaking off previously violated support at 1.0280 (July 29 highs).
The price oscillated respecting previous supports at 1.0260 (July 30 lows) and 1.0254 (July 24 lows) and below resistances at 1.0293 (July 27 highs), 1.0310 (July 24 highs) and 1.0318 (July 25 highs).
The FXstreet trend index reported pair as strongly bearish for one-hour timeframe analysis as price was below MAs for both long and short hauls at 5, 20 and 200.
Trading at 1.0283 at moment of writing, the greenback continued to strengthen breaking off previously violated support at 1.0280 (July 29 highs).
The price oscillated respecting previous supports at 1.0260 (July 30 lows) and 1.0254 (July 24 lows) and below resistances at 1.0293 (July 27 highs), 1.0310 (July 24 highs) and 1.0318 (July 25 highs).
The FXstreet trend index reported pair as strongly bearish for one-hour timeframe analysis as price was below MAs for both long and short hauls at 5, 20 and 200.