Quantcast

AUD/USD bottoms out at 0.9000 barrier

FXstreet.com (New York) – The AUD/USD foreign exchange rate has been in retreat all day, ever since peaking earlier today during Asian trading at 0.9072, recently bottoming out during the American session.

Following the relentless fall, the AUD/USD bottomed out at 0.9003 (session low), thereby retracing back to 0.9023 in these moments (-0.14% off its opening). Technically speaking, the AUD/USD remains fortified by supports at 0.8999, ahead of 0.8974, and 0.8932, suggests the Danske Research Team.

AUD/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The AUD/USD is pushing gradually higher, attempting to retest the broken key support at 0.9070 …read more