Forex: AUD/USD recovering halted at 1.0350

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Forex: AUD/USD recovering halted at 1.0350

FITITOL--> FXstreet.com (San Francisco) - After falling around 120 pips in the European morning from 1.0425 to test 1.0300 level and attempting to recover ground until 1.3050, the AUS/USD has been unable to reach levels above the 1.0350 and has begun to retreat to the 1.0335 zone.

Currently the pair is pricing at 1.0335, 0.90 below today's opening price action. FXstreet.com technical studies shows a "Strongly Bearish" and "Overbought" pair. supports are seeing at 1.0331, 1.0306 and 1.0280 while resistances lie at 1.0339, 1.0365 and 1.0391.