Forex: AUD/USD comes off lows under 0.9100

FXstreet.com (Barcelona) - The AUD/USD is pulling back from a daily low near 0.9095, which the pair fell to after the RBA commented that the global economic outlook remained “somewhat uncertain” while leaving rates unchanged at 4.5%. With aversion to risk slightly higher today and the commodity sector hurting, the Aussie has continued to be pressured to the downside until recent hints of a recovery.

In the previous hours of trading, the AUD/USD has climbed around 50 pips but is capped under the 0.9150 mark. The pair currently quotes at 0.9137 showing a modest 0.12% loss on the day, where it looks for further direction in early trading over New York.

The FastBrokers Research Team reports: “Technically speaking, the Aussie faces technical barriers in the form of 9/6 and 8/6 highs. As for the downside, the Aussie has multiple medium-term uptrend lines working in its favor along with 9/3 lows. Meanwhile, the highly psychological .90 level becomes a technical cushion once again.”

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