AUD/USD falls to daily lows

FXStreet (San Francisco) - The USD is currently advancing against its major competitors and against the Aussie is not an exception. The AUD/USD is extending its decline from 0.9025 to trade at fresh daily lows around0.8960.

The AUD/USD is currently trading at 0.8970, 0.45% negative on the day. The short term perspective is strongly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the stochastic is neutral.

AUD/USD sentiment

Gerry Davies from FXBeat commented earlier in the day that "reports of buy orders clustered .8970 down to .8940, sell stops gathering below there. The demand apparently gets more noticeable the closer you get to .8940/50 area. For those who like their moving averages, the 21 dma kicks in at .8949."