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19 Feb 2014
AUD/USD ends lower around 0.9000
FXStreet (Córdoba) - The AUD/USD lost ground on Wednesday and finished hovering around 0.9000, near daily lows. During the Asian session the Aussie bottomed at 0.08989 but then bounced to the upside but it was unable to break above 0.9050. Following FOMC minutes the pair weakened again and fell, testing levels under 0.9000.
A hawkish minutes from the Federal Reserve boosted the US dollar across the board pushing the AUD/USD to the downside.
Technical outlook for the AUD/USD
To the upside immediate resistance lies at 0.9050 and above at 0.9070 where weekly highs lie. In the last two days the AUD/USD lost upside momentum and the outlook tuned slightly bearish but so far it has been able to hold the 0.9000 mark.
A confirmation under 0.9000 could weaken further the AUD/USD, the next support lies at 0.8965 and below at 0.8940/45.
A hawkish minutes from the Federal Reserve boosted the US dollar across the board pushing the AUD/USD to the downside.
Technical outlook for the AUD/USD
To the upside immediate resistance lies at 0.9050 and above at 0.9070 where weekly highs lie. In the last two days the AUD/USD lost upside momentum and the outlook tuned slightly bearish but so far it has been able to hold the 0.9000 mark.
A confirmation under 0.9000 could weaken further the AUD/USD, the next support lies at 0.8965 and below at 0.8940/45.