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3 Oct 2013
AUD/USD exhausts recovery around 0.9380 zone
FXstreet.com (Chicago) - AUD/USD stalls after recovering losses to print 0.01% gains and 0.78% weekly advances ahead of Tokyo’s opening.
Static situation
Ahead of AiG performance of services data index results and Fed’s Bernanke speech, the pair strands on levitating wave that follows the US shutdown government situation. In Washington, the situation remains the same as democrats and republicans do not make an agreement to change the situation.
AUD/USD Technical Levels
Price action reveals primary and secondary trends pointing up matched by a short-term trend that is tentatively exhausted as the pair remains suspended on a flat wave. Offered at 0.9386, the pair oscillates between supports aligned at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs).
Static situation
Ahead of AiG performance of services data index results and Fed’s Bernanke speech, the pair strands on levitating wave that follows the US shutdown government situation. In Washington, the situation remains the same as democrats and republicans do not make an agreement to change the situation.
AUD/USD Technical Levels
Price action reveals primary and secondary trends pointing up matched by a short-term trend that is tentatively exhausted as the pair remains suspended on a flat wave. Offered at 0.9386, the pair oscillates between supports aligned at 0.9363 (September 17th highs) that if violated, will face 0.9316 (September 10th highs) followed by 0.9274 (September 11th lows) and the resistances set at 0.9416 (September 24th highs), 0.9460 (September 22nd highs) ahead of 0.9527 (September 19th highs).