“Aussie fell towards parity following US policy meeting, reaching extreme reading in the hourly chart and aiming for a short term upward corrective movement,” explains Valeria Bednarik, Chief Analyst at FXstreet.com. “However is local share markets follow overseas selloffs, further slides are expected. Below parity, 0.9920, past August low, comes at sight.” To the downside, the analyst expects buying interest to come in at 1.0000 and 0.9960, while to the upside, resistance levels are seen at 1.0110, 1.0155 and 1.0190.

Thu, Sep 22 2011, 00:30 GMT | FXstreet.com