AUD/USD recovery stalls at 0.9175 level

FXstreet.com (New York) - The AUD/USD technical pair ran out of steam Thursday, as a tepid recovery attempt faltered, extending losses lower during US trading.

Technically speaking, the AUD/USD has now moved lower into negative territory retesting the 0.9150, down -0.94% in these moments. Following a break below support at 0.9171, the Mataf.net analyst team calculates the next measures of correction at 0.9130, ahead of 0.9070.

AUD/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The AUD/USD retested 0.9190 broken support, which turns into a key intraday resistance, and may force price to resume the selloff. Overall, we maintain our intraday bearish view. A break above 0.9200 may push price to retest 0.9250 resistance.”