AUD/USD vulnerable near 12-week low

FXstreet.com (Córdoba) – The AUD/USD managed to bounce back above 0.9100 after dipping briefly below that level to hit a 12-week low during the American session.

AUD/USD bounces from below 0.9100

After falling over 100 pips through the day, the AUD/USD bottomed out at 0.9087 and staged a minor bounce that has been capped by the 0.9130 zone. At time of writing, AUD/USD is trading at the 0.9105 area, recording a 0.6% loss on the day. The AUD/USD is recording its fifth daily loss in a row and on track to post its sixth consecutive weekly fall.

AUD/USD technical levels

In …read more