Aussie's retreat from 0.9330 year to date high has extended on Wednesday below 91.00, as failure to break above 92.00 has triggered a sharp decline, to 0.9055, 2-weeks low so far.
On the hourly charts , technical analyst at Precise Trader, observes the Aussie targeting 0.9020/8945: "The Hourly is creeping lower expect the price to bottom near 9020-8945 level, the price should not trade above 9215-60 to maintain the bearish outlook."
On daily studies, Sees the pair trading sideways: "Daily Trend is Sideways while 8945 holds, so expect the price to make Lower Lows. The Price is trading Above Monthly, but below the Weekly open."
AUD/USD (Oct 28 at 12:09 GMT)
H 0.9209 L 0.902
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.8987 | 0.9010 | 0.9032 | 0.9054 | 0.9077 | 0.9100 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Oct 28 at 12:05 (15-minute timeframe) |
[ View AUD/USD Technical Studies ]
