AUD/USD holds above 0.8900, for now

FXstreet.com (Córdoba) – The AUD/USD remains under mild pressure during the American session, after the latest recovery attempt was capped by the 0.8955 zone.

AUD/USD moved off from highs but it has managed to hold above the 0.8900 zone so far despite the negative tone in Wall Street. At time of writing, AUD/USD is trading at the 0.8905 zone, 0.2% below its opening price.

AUD/USD presents a neutral stance

From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that technical readings present a quite neutral stance in the 1- and 4-hour charts. “Being the last trading day of …read more