FXStreet chief analyst: AUD / USD Trend Analysis October 20

Updated: October 20, 2015  Views: 22

FX168 hearing Tuesday (October 20th Asian city in early trading, the AUD / USD is located near the 0.7260 level hovering over the previous day to 0.7306 Australian dollar higher volatility before, but after the sharp retracement from that point, give all day or taking, and Yin He fell, further continuation of the current exchange rate losses.

The previous day's fall in commodity prices, the world's major equity markets negative, the Australian dollar suffered pressure.

Technically, FXStreet Valeria Bednarik, chief analyst pointed out that the 1 hour chart show AUD / USD below the 20 SMA, technical indicators falling below the central axis, the dollar may extend further decline.

4 hours chart point of view, Bednarik points out, the Australian dollar / US dollar since the trend of flat 20 SMA retracement technical indicators temporarily clear direction, is located below the central axis.

Support levels: 0.7240 0.7210 0.7170

Resistance levels: 0.7290 0.7335 0.7380

(Australian dollar / US dollar 60 minutes - Source: FXStreet

08:25 GMT, the Australian dollar / US dollar reported 0.7257 / 60.


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