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2 Aug 2013
AUD/USD topples towards 0.8900
FXstreet.com (New York) - The AUD/USD foreign exchange rate again plummeted Friday, this time revisiting the 0.8900 region Friday during US trading.
Presently, AUD/USD is now testing the 0.8901 level, having incurred losses of -0.24%. Technically speaking, The Mataf.net analyst team calculates short-term supports for the AUD/USD at 0.8894, ahead of 0.8859, and 0.8811.
AUD/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD maintained its break below 0.9000 – it remains directly offered. Our downside target below here is .8550, the 50% retracement of the move up from 2008. Our longer-term downside target measured from the top is 0.7700.”
Presently, AUD/USD is now testing the 0.8901 level, having incurred losses of -0.24%. Technically speaking, The Mataf.net analyst team calculates short-term supports for the AUD/USD at 0.8894, ahead of 0.8859, and 0.8811.
AUD/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The AUD/USD maintained its break below 0.9000 – it remains directly offered. Our downside target below here is .8550, the 50% retracement of the move up from 2008. Our longer-term downside target measured from the top is 0.7700.”