Intraday Analysis - Monday, Sept. 14

(Australian dollar) AUDUSD pushing for a rebound

The (Australian dollar) AUDUSD hopes to continue the climb after finding some support.

• The pair’s previous struggle to stay above 0.7200 forced some buyers to liquidate their positions.

• However, a bullish run has pushed the Aussie within reach of a full rebound.

• The 0.7120 support is an important level if buyers remain in the market.

• 0.7230 is the top if the reversal continues.

NZDUSD hits another low

The Kiwi also remains pressured as prices look to find a bounce.

• A break below 0.5800 attracted more sellers as 0.5770 awaits a test.

• On the flip side, a jump above 0.5840 could turn things around.

• The RSI’s oversold condition could attract some bargain hunters as a bullish divergence emerges.

• The buy side will need to clear 0.5840 before the rally can continue towards 0.5900.

XAUUSD hits resistance

Gold remains firm after failing to hit another high, as the 4300 level becomes the latest support.

• Short-term price action is still struggling to secure a foothold and prevent a reversal after the jump past 4380.

• 4200 looks to be the bull’s second line of defence, making it a critical floor to break.

• A move past 4380 could open the door to the latest swing high at 4480.