Forex: AUD/USD comes off lows under 0.9100 (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.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.