FXstreet.com (San Francisco) - The Aussie is extending its decline against its American counterpart and after falling around 100 pips, the AUD/USD broken the 1.0050 level and has reached fresh intra-day low at 1.0025.
Currently the AUS/USD is pricing at 1.0040, 0.40% below opening price action. Pair looks "Slightly Bearish" and "Overbought" according to the FXstreet.com Technical Studies.
According to the technical analysts at ICN.com the exchange pair is testing 1.0025 support and it will encounter more lines at 1.0000, and then 0.9980. Conversely, the pair find resistance at 1.0070, 1.0100 and ultimately 1.0130
Currently the AUS/USD is pricing at 1.0040, 0.40% below opening price action. Pair looks "Slightly Bearish" and "Overbought" according to the FXstreet.com Technical Studies.
According to the technical analysts at ICN.com the exchange pair is testing 1.0025 support and it will encounter more lines at 1.0000, and then 0.9980. Conversely, the pair find resistance at 1.0070, 1.0100 and ultimately 1.0130
