FXstreet.com (Buenos Aires) – Australian dollar is losing big this Thursday, being among the worse performers of the day, as the pair is trading below 1.0080, after reaching a daily high of 1.0202. Approaching the weekly low set on Monday at 1.0055, the strong fall in gold, that trades at the time being near $ 1575, down $ 30 on the day, along with US indexes falling into deep red, keep the AUD/USD under selling pressure.
According to Valeria Bednarik, FXstreet.com chief analyst the pair failed at a key, level of 1.0220, 50% retracement of the 1.0855/0.9560 daily slide, which suggests the pair may attempt to resume its bearish trend. With the 8.2% retracement of the same rally at 1.0060 and the weekly low right below, a break below such area should open doors for further slides towards 0.9900 according to her view. Resistances from current level come at 1.0100 and 1.0135.
According to Valeria Bednarik, FXstreet.com chief analyst the pair failed at a key, level of 1.0220, 50% retracement of the 1.0855/0.9560 daily slide, which suggests the pair may attempt to resume its bearish trend. With the 8.2% retracement of the same rally at 1.0060 and the weekly low right below, a break below such area should open doors for further slides towards 0.9900 according to her view. Resistances from current level come at 1.0100 and 1.0135.
