AUD/USD leaves some bears trapped below 0.8930

FXstreet.com (Barcelona) – The AUD/USD foreign exchange rate is last trading at 0.8957 off recent fresh 3-week lows at 0.8923 printed on the back of stop loss triggered on the Tokyo open, ahead of Australia construction work done data due at 01:30 GMT.

AUD/USD recoveries up to 0.9050 possible

“The AUD/USD trades below 0.9000 with the hourly chart showing a short term upward tone, as price stands above 20 SMA and indicators cross their midlines to the upside,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The strong advance in gold is giving the pair some support, although Aussie self weakness …read more