9 Jul 2013
AUD/USD finds resistance at 0.9200
FXstreet.com (Córdoba) - The AUD/USD is among the best performers on Tuesday as it has managed to secure gains despite the broadly firmer USD.
AUD/USD rose over 120 pips throughout the day and reached the 0.9200 mark in recent dealings, although it lacked enough momentum to decisively break above that level and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9170 zone, where it is still 0.4% above its opening price.
AUD/USD holds a positive bias
Valeria Bednarik, chief analyst at FXstreet.com notes that AUD/USD holds a positive bias. "In the 4 hours chart indicators present a nice upward momentum, supporting a continuation on a price acceleration above 0.9210 resistance", the analyst commented.
Bednarik locates immediate resistance levels at 0.9210, 0.9250 and 0.9290, while she sees supports at 0.9140, 0.9100 and 0.9050.
AUD/USD rose over 120 pips throughout the day and reached the 0.9200 mark in recent dealings, although it lacked enough momentum to decisively break above that level and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9170 zone, where it is still 0.4% above its opening price.
AUD/USD holds a positive bias
Valeria Bednarik, chief analyst at FXstreet.com notes that AUD/USD holds a positive bias. "In the 4 hours chart indicators present a nice upward momentum, supporting a continuation on a price acceleration above 0.9210 resistance", the analyst commented.
Bednarik locates immediate resistance levels at 0.9210, 0.9250 and 0.9290, while she sees supports at 0.9140, 0.9100 and 0.9050.