FXstreet.com (San Francisco) - After falling around 30 pips from 1.0393, the AUD/USD has surpassed 1.0370 support and it has reached 1.0365 has fresh one month low at 1.0365. Currently the Aussie is trading at 1.0370, 0.52% below opening price action.
The Dollar weakened against currencies linked to commodities during the New York session as stocks turned positive in Wall Street. But in the middle session, the AUD/US has begun to fell again to push even more loses.
"The hourly chart shows technical readings support the dominant trend, with price capped below 20 SMA and indicators heading lower in negative territory", says Valeria Bednarik from FXstreet.com.
"In bigger time frames 4 hours chart 200 EMA offers strong resistance around 1.0410, while technical readings also point for a downside continuation in the pair", the analyst adds.
The Dollar weakened against currencies linked to commodities during the New York session as stocks turned positive in Wall Street. But in the middle session, the AUD/US has begun to fell again to push even more loses.
"The hourly chart shows technical readings support the dominant trend, with price capped below 20 SMA and indicators heading lower in negative territory", says Valeria Bednarik from FXstreet.com.
"In bigger time frames 4 hours chart 200 EMA offers strong resistance around 1.0410, while technical readings also point for a downside continuation in the pair", the analyst adds.
