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AUD/USD down +100 pips

FXstreet.com (Chicago) – AUD/USD succumbs to bearish pressure and remains trading around session lows after managing to bounce off slightly from 3-month bottoms at 0.9065 on better than expected job market data in the US.

AUD/USD Technical Levels

Price action reveals the break of a H&S pattern neckline after the extension of the bearish channel that started last October 22nd and goes on for over a month now. Down over 100 pips this week, the pair prints most of its losses today for a 0.58% retracement ahead of Wall Street’s closing. Offered at 0.9073, the pair navigates between the supports aligned …read more