12 Dec 2014
AUD/USD trades below 0.83 handle
FXStreet (MUmbai) - AUD/USD trades moderately higher, rebounding from fresh four-year low of 0.8213 seen in the previous session.
Currently, the pair trades almost unchanged at 0.8274 levels, close to the day’s high of 0.8282 levels. The AUD/USD pair trades lower as the dollar bulls took lead after the release of upbeat US economic data in the US trading.
The pair remains pressured ahead of US Prelim Consumer Sentiments data which is expected to show higher numbers in December over the previous release.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8300 levels, above which gains could be extended to 0.8325 (Dec 8 High) levels. On the flip side, support is seen at 0.8261 (Dec Dec 10 Low), from here it to 0.8221 (Dec 9 High) levels.
Currently, the pair trades almost unchanged at 0.8274 levels, close to the day’s high of 0.8282 levels. The AUD/USD pair trades lower as the dollar bulls took lead after the release of upbeat US economic data in the US trading.
The pair remains pressured ahead of US Prelim Consumer Sentiments data which is expected to show higher numbers in December over the previous release.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8300 levels, above which gains could be extended to 0.8325 (Dec 8 High) levels. On the flip side, support is seen at 0.8261 (Dec Dec 10 Low), from here it to 0.8221 (Dec 9 High) levels.