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AUD/USD, breathes in; reversal attempt in action

FXstreet.com (Chicago) – AUD/USD was smashed by market participants’ reactions to Syrian conflict and potential US retaliation after the use of chemical weapons last week to silence 1,300 civilians in the country.

Shaky risk barometer

The Aussie reached 0.8933 lows (double lows from last August 20th) to bounce off grounds on an attempt to erase 0.51% daily losses incurred so far. The Aussie hast lost almost 300 pips this month, down 2.98%.

AUD/USD Technical Levels – bullish short-term bias

Price action reveals an attempt to erase losses as the pair rises close to 0.90 psychological level. At 0.8986, the pair fluctuates between …read more