Forex: AUD/USD rebounds from 0.9830

Having tested 0.9970 area Monday, Australian dollar today momentum lost and it struck an intraday low of 0.9830, after Wall Street negative tone and gold prices, again $1330 / oz today tested. However, U.S. indices had hardly positive over the last hour with DJIA up 3 points and S & P 0.04% positive, turned during gold to around $1340 returned the daily opening, favouring a bearish corrective rally in AUD/USD that actually floats to 0.9860.

Pair has been towards parity earlier this week on boosted up beat comments from RBA's Governor Glenn Stevens, on the Outlook for the country economy. the couple was not able to overcome parity after pair almost added full 13 cents in the last 2 months.Immediate support for the cross on the 0.9823 last Monday is low, followed by 0.9750 price zone, where price, suspended several times in the past had to 2 Wochen.Um upside, resistance now at 0.9890, strong Friday roof, later followed by 0.9930 price zone.

AUD/USDEUR/USD