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21 May 2014
AUD/USD testing fresh lows
FXStreet (San Francisco) - The Aussie's recovery from 0.9215 against the USD found resistance at 0.9240 where the AUD/USD was rejected and launched back to lows.
US rising yields are helping the pro-dollar environment as 10-year yields are now at 2.55%.
The AUD/USD is currently testing fresh lows below 0.9215, now trading at 0.9213, down 0.31% on the day, having posted a daily high at 0.9252 and low at 0.9213. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
AUD/USD levels
There are option expiries at 10am ET at AUD/USD 0.9200 (AUD 180m) 0.9300 (AUD 170m) 0.9345 (AUD 1bln). In terms of technical levels, if the pair remains below the 0.921, it would face next supports at 0.9200 and 0.9140.
US rising yields are helping the pro-dollar environment as 10-year yields are now at 2.55%.
The AUD/USD is currently testing fresh lows below 0.9215, now trading at 0.9213, down 0.31% on the day, having posted a daily high at 0.9252 and low at 0.9213. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish.
AUD/USD levels
There are option expiries at 10am ET at AUD/USD 0.9200 (AUD 180m) 0.9300 (AUD 170m) 0.9345 (AUD 1bln). In terms of technical levels, if the pair remains below the 0.921, it would face next supports at 0.9200 and 0.9140.