27 May 2013
AUD/USD fails to sustain gains
FXstreet.com (Córdoba) - Having failed to rise past the 0.9665 area, AUD/USD came under mild pressure and retraced daily gains, amid low volume due to the US Memorial Day holiday. AUD/USD pulled back from the 0.9665 zone and slid to the 0.9625/30 area, where it is trading at time of writing, 0.1% below its opening price.
As for technical levels, on the downside next supports could be found at 0.9615 (daily low) and 0.9600 (psychological level), while resistances might be found at 0.9665 (daily high) and 0.9700 (psychological level) ahead of 0.9740 (high May 24).
As for technical levels, on the downside next supports could be found at 0.9615 (daily low) and 0.9600 (psychological level), while resistances might be found at 0.9665 (daily high) and 0.9700 (psychological level) ahead of 0.9740 (high May 24).