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Forex: AUD/USD falls for 2nd straight day

By FXstreet.com,  August 10, 2010, 06:34:00 PM EDT

FXstreet.com (Barcelona) - Despite trimming losses after the Fed's announcement over New York, the AUD/USD settled lower for a 2nd straight day extending its retreat from near 3-month highs. In morning trading over New York, the pair had reached a 10-day low in 0.9059 before raising 100 pips to a session high at 0.9160.

In after-hour trading, the AUD/USD has since settled lower to 0.9130 where it trades at the moment. With a slightly bearish reading, immediate support is listed at 0.9109 and 0.9086. To the upside resistance is placed at 0.9136 and 0.9159.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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