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AUD/USD approaching immediate resistance at 0.9120

FXstreet.com (Chicago) – AUD/USD seems to consolidate the earlier reversal after bouncing off session lows to partially recover previous weekly losses. At the moment, the pair approaches the immediate resistance at 0.9120 in the afternoon of the American trading session.

AUD/USD Technical Levels

Price action reveals the pair manages to bounce off 3-month lows after recovering the previously broken support around the 0.9077 earlier in Asia this morning. Having reached the strong 0.9143 resistance, session highs, the pair attempts to consolidate around the 0.9110 zone. Technically speaking, the pair is offered at 0.9118 and oscillates between the supports aligned at 0.9077 …read more