FXstreet.com (Córdoba) - The Australian Dollar is falling against Greenback on Tuesday. AUD/USD fell to 0.9166 reaching the lowest price of the day. The pair then rebounded but still holds below 0.9200. The Aussie is suffering it biggest daily decline in almost a month affected by the fall in commodities as currently it trades at 0.9194/98, 1.04% below today's opening price.
Gold has fallen so far more than $20 on Tuesday. The yellow metal trades at $1,128 after finding support at $1,125.
James Chen, chief technical analyst at FX solutions affirms: If the current bullishness continues on to breakout above the noted 0.9400 high, price will have established a new 17-month high and could subsequently target further key resistance in the 0.9650 price region. To the downside, a breakdown below the most recent short-term uptrend support line extending from the late December low could target strong intermediate support in the 0.8950 price region.