Forex: AUD/USD finds support at 1.0220; back toward 1.0250

FXstreet.com (San Francisco) - After falling around 30 pips in the early American session from 1.0255 to trade at intra-day lows at 1.0220, the AUD/USD seems to have found support at this level with the pair trading back to 1.0250. Currently the cross is pricing at 1.0245.

The AUD/USD is trading 0.57% down on the day. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as CCI and Momentum pointing to the north while the MACD and the Stochastic signaling neutral in the 15-minutes chart.

Below 1.0220, 1.0194 would act as next support line and break of here may see a heavy fall targeting 1.0115. Resistances are at 1.0313 and 1.0385.