Forex: AUD/USD's recovery capped at 0.9920, back to 0.9870

FXstreet.com (San Francisco) - After trading around the 0.9850 long term support, the AUD/USD tried to recover ground but the attempt was capped at 0.9920 and currently the pair is trading back below the 0.9900 area at 0.9870.

Currently, the AUD/USD is 0.12% negative on the day and the short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.

Below the 0.9850, next supports are at 0.9820 and 0.9710. On the upside, resistances are at 0.9920, 0.9940 and 1.0000.