Forex: AUD/USD reaches 0.9726

FXstreet.com (Buenos Aires) – Following strong falls both in gold and equity markets, AUD/USD extended its decline from 1.0182 posted on November 5th, to 0.9726 daily low, nearing a full 5 cents lose over the past couple of weeks. Currently around 0.9730, Australian dollar is one of the most risk sensitive currencies across the fx board, so as long as stocks keep fading, AUD will likely remain under selling pressure.

Supports from current level, come at 0.9700 area, past October 8th intraday low, followed by 0.9650, October 24th low and also strong static support level. Resistances now, are located at 0.9770 price zone, followed then by 0.9815, past Monday daily low.

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