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6 Aug 2014

AUD/USD recovers the tone and tests daily highs around 0.9330

FXStreet (San Francisco) - After a brief rejection at 0.9330, the AUD/USD traded down to price at 0.9315 where the pair found new buying interest and now it is testing back highs.

Currently, AUD/USD is trading at 0.9326, up 0.23% on the day, having posted a daily high at 0.9332 and low at 0.9292. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

AUD/USD levels

If the pair manages to break above 0.9330, it would face resistances at 0.9345 (high Aug.5) followed by 0.9390 (high Jul.30) and finally 0.9415 (high Jul.29). On the downside, a break below 0.9275 (low Aug.1) would open the door to 0.9257 (low Jun.5) and then 0.9253 (low Jun.4).

Aug 6, 2014

USD/CAD extends decline to 1.0925

The USD/CAD is extending its rejection from 3-month highs at 1.0985 and following a 60 pip decline, the pair is now testing the 1.0925 area.

EUR/USD trims losses, rises back above 1.3350

The EUR/USD dropped earlier to 1.3332 hitting a fresh 9-month low and after Wall Street opening bell managed to trim losses.