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29 Jul 2014
AUD/USD declines to 1-week lows around 0.9380
FXStreet (San Francisco) - The Aussie fell around 20 pips from 0.9400 versus the US Dollar as the pair is joining the pro-Greenback environment and now the AUD/USD is testing the lowest price since July 22 at 0.9380.
Currently, AUD/USD is trading at 0.9385, down 0.22% on the day, having posted a daily high at 0.9418 and low at 0.9380. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD sentiment
"9300-9500 looks a very decent range," comments Gerry Davies from FXBeat. "Talk of 'Asian reserve manager' demand down at 0.9370. Some sell stops seen through 9360 before 'decent demand' down at 0.9350."
Currently, AUD/USD is trading at 0.9385, down 0.22% on the day, having posted a daily high at 0.9418 and low at 0.9380. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD sentiment
"9300-9500 looks a very decent range," comments Gerry Davies from FXBeat. "Talk of 'Asian reserve manager' demand down at 0.9370. Some sell stops seen through 9360 before 'decent demand' down at 0.9350."