12 September AUD/USD technical analysis


AUD, AUD/USD, Australian Dollar, AUD Technical analysis, Aussie, USD, September technical analysis, Technical AnalysisOn Daily chart, it seems that the Australian dollar is going to end its weekly bearish stronghold as it falls towards closest support at 0.903 last seen in March 2014, should 0.9074 not hold for today.

AUD, AUD/USD, Australian Dollar, AUD Technical analysis, Aussie, USD, September technical analysis, Technical Analysis On H4 chart, Australian Employment change failed to push the currency beyond 0.9238 and after the post data release retracement continues to fall.

AUD, AUD/USD, Australian Dollar, AUD Technical analysis, Aussie, USD, September technical analysis, Technical Analysis Meanwhile on H1 chart the traditional MACD shows signs of continued bearish movement but on the technical analysis front the market is likely to experience a retracement should 0.9074 hold as support. A rebound towards 0.9166 is expected before falling lower and closer to psychological level 0.9000.

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