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Forex pairs in this Article » EUR/USD (Buenos Aires) - The greenback accelerates as US session fades, advancing strongly against most rivals and driving AUD/USD towards its 3 year low posted after FED decision to taper by U$S 10B. Having established a low of 0.8820, the posterior recovery was contained around 0.8940, from where the pair retraces back and nears the daily bottom.

The bearish trend prevails in the pair and with the greenback higher across the board, there’s little room for recoveries for the upcoming Asian session: according to Valeria Bednarik, chief analyst Valeria Bednarik states that a break below 0.8810 supports a slide towards 0.8700 figure.

Supports & Resistance levels

According to the same expert, short term support levels stand at 0.8845, 0.8810, 0.8760 while resistances come at 0.8880, 0.8910 and 0.8940, while she affirms that “the hourly chart shows that despite the wild moves, candles remained capped below a still bearish 20 SMA while indicators head lower in negative territory, supporting the dominant bearish trend.”
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