13 Jan 2015
AUD/USD surrenders gains, tests daily lows
FXStreet (Córdoba) - AUD/USD has reversed early gains and is back testing the lower-side of this week's range as commodities drop continues to weigh on Aussie.
AUD/USD made an upside attempt during the Asian session, helped by Chinese trade data, but the advance faltered after reaching a high of 0.8198. The pair turned lower and has dropped more than half a cent over the last hours, falling as low of 0.8128 where the 200-hour SMA is offering support.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.8140, recording a 0.18% loss on the day, with immediate supports seen at 0.8105 (Jan 9 low) and 0.8070 (Jan 8 low) ahead of 0.8032 (5 ½-year low Jan 7).
AUD/USD made an upside attempt during the Asian session, helped by Chinese trade data, but the advance faltered after reaching a high of 0.8198. The pair turned lower and has dropped more than half a cent over the last hours, falling as low of 0.8128 where the 200-hour SMA is offering support.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.8140, recording a 0.18% loss on the day, with immediate supports seen at 0.8105 (Jan 9 low) and 0.8070 (Jan 8 low) ahead of 0.8032 (5 ½-year low Jan 7).