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8 Jan 2015
AUD making fresh multi year lows - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the AUD/USD pair extended its decline to a fresh multi year low of 0.8032.
Key Quotes:
"A couple of pips below December one, before bouncing on FED’s news. The pair however stalled and retraced from a daily high of 0.8089 posted in the American afternoon, showing little aims to extend its advance at the time being".
"The 1 hour chart shows indicators lost upward momentum right after crossing their midlines to the upside, whilst the price stands a few pips above a flat 20 SMA".
"In The 4 hours chart the price was rejected from a bearish 20 SMA offering dynamic resistance at 0.8090, whilst momentum retraced from 100 and RSI remains in neutral territory, all of which maintains the risk to the downside, particularly if the price approaches again to the 0.8030 level".
Key Quotes:
"A couple of pips below December one, before bouncing on FED’s news. The pair however stalled and retraced from a daily high of 0.8089 posted in the American afternoon, showing little aims to extend its advance at the time being".
"The 1 hour chart shows indicators lost upward momentum right after crossing their midlines to the upside, whilst the price stands a few pips above a flat 20 SMA".
"In The 4 hours chart the price was rejected from a bearish 20 SMA offering dynamic resistance at 0.8090, whilst momentum retraced from 100 and RSI remains in neutral territory, all of which maintains the risk to the downside, particularly if the price approaches again to the 0.8030 level".