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2 Jan 2014
AUD/USD extends recovery above 0.8900
FXstreet.com (Buenos Aires) - After reaching a daily low of 0.8841 early Europe, the AUD/USD extends its recovery above 0.8900, now retracing some from a daily high of 0.8942. Dollar however, maintains it intraday strength against Pound and Euro that consolidate daily losses in this American session.
Buyers around 0.8820 lows
As for the AUD/USD technical outlook, Valeria Bednarik, FXstreet.com chief analysts considers that the lows around 0.8820 “continue to attract buyers, and there’s little room for a strong bearish acceleration as long as price stands above it.” In the short term, the analyst suggests that steady gains above 0.8910, should support further gains, with upcoming resistances at 0.8950 and 0.8990 price zone, while supports stand now at 0.8870 and 0.8820 mentioned low.
Buyers around 0.8820 lows
As for the AUD/USD technical outlook, Valeria Bednarik, FXstreet.com chief analysts considers that the lows around 0.8820 “continue to attract buyers, and there’s little room for a strong bearish acceleration as long as price stands above it.” In the short term, the analyst suggests that steady gains above 0.8910, should support further gains, with upcoming resistances at 0.8950 and 0.8990 price zone, while supports stand now at 0.8870 and 0.8820 mentioned low.