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26 Jun 2013
AUD/USD upward advance again stymied
FXstreet.com (New York) - The AUD/USD foreign exchange rate has slowed its upward acceleration, stalling recently in the region of 0.9280 in these moments.
AUD/USD minor bullish bias does not foster prolonged uptrend
According to the Technical Analyst Team at ICN.com, “The AUD/USD is trading with a minor bullish bias, attempting to approach 0.9360. Meanwhile, the stochastic is making new bullish attempt as the RSI heads to test the 50-point threshold. We do not want to bet on the continuation of the uptrend because the pair trades within a bearish price channel.”
AUD/USD stubbornly remains in positive territory
The AUD/USD is still up +0.21% today, defiantly holding onto some means of gains despite trading much higher during US trading. “The AUD/USD is being held by the critical support at 0.9143, however a closing break below this will trigger deeper sell-off. Meanwhile resistance is at 0.9313, and overall a bearish outlook is seen.” warns Gareth Berry, a Research Analyst at UBS.
AUD/USD minor bullish bias does not foster prolonged uptrend
According to the Technical Analyst Team at ICN.com, “The AUD/USD is trading with a minor bullish bias, attempting to approach 0.9360. Meanwhile, the stochastic is making new bullish attempt as the RSI heads to test the 50-point threshold. We do not want to bet on the continuation of the uptrend because the pair trades within a bearish price channel.”
AUD/USD stubbornly remains in positive territory
The AUD/USD is still up +0.21% today, defiantly holding onto some means of gains despite trading much higher during US trading. “The AUD/USD is being held by the critical support at 0.9143, however a closing break below this will trigger deeper sell-off. Meanwhile resistance is at 0.9313, and overall a bearish outlook is seen.” warns Gareth Berry, a Research Analyst at UBS.