22 Aug 2013
AUD/USD backs away from highs
FXstreet.com (Córdoba) - The AUD/USD has retraced some of its intraday gains during the American afternoon, after the latest recovery was capped by the 0.9040 area.
AUD/USD fails to sustain gains
AUD/USD failed to sustain gains and slipped back below the 0.9000 mark in recent dealings despite the positive tone in US stocks. At time of writing, AUD/USD is trading at the 0.8990 area, still 0.3% above its opening price, having hit a 2-week low of 0.8931 during the Asian session.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.9042 (daily high) and 0.9075 (100-hour SMA), while supports are seen at 0.8931 (daily low) and 0.8900 (psychological level).
AUD/USD fails to sustain gains
AUD/USD failed to sustain gains and slipped back below the 0.9000 mark in recent dealings despite the positive tone in US stocks. At time of writing, AUD/USD is trading at the 0.8990 area, still 0.3% above its opening price, having hit a 2-week low of 0.8931 during the Asian session.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.9042 (daily high) and 0.9075 (100-hour SMA), while supports are seen at 0.8931 (daily low) and 0.8900 (psychological level).