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19 Sep 2014
AUD/USD slides to fresh 6-month lows
FXStreet (Córdoba) - After a short lived recovery AUD/USD weakened and tumbled to 0.8920, reaching levels not seen since March. During the European session rose from 0.8929 to 0.8993 (daily high) but then started to decline and accelerated to the downside after Wall Street opening bell.
Currently trades near the lows, 120 pips below the level it had a week ago, headed toward the second weekly decline in a row.
AUD/USD levels to watch
To the upside, immediate resistance might lie at 0.8975 and above here at 0.8995 - 0.9000 and 0.9060. On the opposite direction, the area around daily lows at 0.8920 is price zone to consider; below here then comes 0.8200.
Currently trades near the lows, 120 pips below the level it had a week ago, headed toward the second weekly decline in a row.
AUD/USD levels to watch
To the upside, immediate resistance might lie at 0.8975 and above here at 0.8995 - 0.9000 and 0.9060. On the opposite direction, the area around daily lows at 0.8920 is price zone to consider; below here then comes 0.8200.