AUD/USD: technical levels
AUD/USD is consolidating below $0.9250. Aussie seems firmly capped on the upside. There’s a divergence on the daily MACD, but further resistance lies at $0.9325 (June 11 low) and $0.9400. The downtrend is firmly in place.
On the downside, the pair renewed low today touching $0.9146, the lowest level since 2010 (the area of 38.2% Fibo retracement of the advance in 2008-2011). The close below this level will be a negative signal making the pair vulnerable for a decline to $0.9100, $0.9090 (Sep 7, 2010, low) and $0.9050.
Watch US durable goods orders, CB consumer confidence and new home sales released tomorrow at 12:30-14:00 GMT.
Chart. Daily AUD/USD