AUD regains some ground against the greenback - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that AUD/USD rose somewhat, wavering however at the critical 0.8900 level.

Key quotes

"The 1 hour chart shows price above its 20 SMA, but indicators heading south above their midlines, on increased dollar demand."

"In the 4 hours chart the technical picture is still clearly bearish, with a break below 0.8830 required to confirm a downward extension."

"Risk of an upward move should came only with a steady advance above the 0.8920 price zone."