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22 May 2014
AUD/USD finds support at 0.9230
FXStreet (San Francisco) - The AUD/USD finally found a support at 0.9230 after declining 45 pips from the 0.9270 priced overnight. The pair bounced back to 0.9245.
Eelier in the day, the AUD/USD rallied to highs amid surprisingly strong China HSBC manufacturing PMI data; however, the pair was rejected by the 0.9270 area.
Currently, AUD/USD is trading at 0.9238, down 0.14% on the day, having posted a daily high at 0.9276 and low at 0.9219. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
AUD/USD levels
With the pair at 0.9238, a talk of buy orders around 9200/20 ahead of the identified 0.9200 barrier option interest would work as support. On the upside. 0.9250, 0.9270 and the 0.9280/00 area where sell orders remain alive.
Eelier in the day, the AUD/USD rallied to highs amid surprisingly strong China HSBC manufacturing PMI data; however, the pair was rejected by the 0.9270 area.
Currently, AUD/USD is trading at 0.9238, down 0.14% on the day, having posted a daily high at 0.9276 and low at 0.9219. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.
AUD/USD levels
With the pair at 0.9238, a talk of buy orders around 9200/20 ahead of the identified 0.9200 barrier option interest would work as support. On the upside. 0.9250, 0.9270 and the 0.9280/00 area where sell orders remain alive.