AUD/USD regains 0.8900 level

FXstreet.com (New York) – The AUD/USD has rebounded off earlier lows at 0.8892 Friday, to regain the 0.8900 region, despite being bogged down in negative territory.

AUD/USD strategic bias

According to the Technical Analyst Team at ICN.com, “The AUD/USD is trading narrowly below the descending resistance of the recent bearish wave, while RSI maintain the bullish divergence, accordingly, we still need confirmation for the upcoming move, where a decisive break above this descending resistance may confirm bullish rebound.”

In these moments, the AUD/USD is trading at 0.8905 during US trading Friday, en route to a loss of -0.27% off its opening. Technically …read more