12 Jul 2013
AUD/USD finds support ahead of 0.9150
FXstreet.com (Barcelona) - The AUD/USD prices series remain depressed around 0.9165, following a major retreat off a multi-week high at 0.93, where sellers continue committed.
AUD/JPY near session lows at Tokyo open
At present, the intraday price action in the AUD/USD is picking up at the Tokyo opening, driven by flows in the AUD/JPY. There has been a sequence of lower lows and lower highs in the 5m chart printed off 0.92, with sellers now trying to capitalize further on this micro bearish structure through a break of 0.9156, session low.
AUD/USD too choppy post Bernanke
According to Jim Langlands, Founder at FXCharts, "It is all too choppy to make much sense of the price action really, and for the time being I would use 0.9100/ 0.9250 as a guide. In the longer term, I suspect we might have made a false break to the topside today, and having returned to trade within the parameters of the channel, we could be on our way to an eventual test 0.9000."
AUD/JPY near session lows at Tokyo open
At present, the intraday price action in the AUD/USD is picking up at the Tokyo opening, driven by flows in the AUD/JPY. There has been a sequence of lower lows and lower highs in the 5m chart printed off 0.92, with sellers now trying to capitalize further on this micro bearish structure through a break of 0.9156, session low.
AUD/USD too choppy post Bernanke
According to Jim Langlands, Founder at FXCharts, "It is all too choppy to make much sense of the price action really, and for the time being I would use 0.9100/ 0.9250 as a guide. In the longer term, I suspect we might have made a false break to the topside today, and having returned to trade within the parameters of the channel, we could be on our way to an eventual test 0.9000."