17 Dec 2014
AUD/USD trims losses but holds below 0.8200
FXStreet (Córdoba) - The Australian dollar managed to trim intraday losses versus the greenback after falling to a fresh 4-year low weighed by the cautious tone and metals drop.
AUD/USD broke decisively below the 0.82 mark and extended weakness to a fresh 4 ½-year low of 0.8138 before finding support and recovering slightly. The pair has climbed back to the 0.8180 zone, where it trades 0.45% down on the day, as investors gear up for the Federal Reserve decision scheduled for 19:00 GMT.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate supports at 0.8138 (2014 low Dec 17), 0.8100 (psychological level) and 0.8082 (Jun 27 2010 low). On the other hand, resistances are seen at 0.8235 (daily high), 0.8272/3 (10-day SMA/Dec 16 high) and 0.8298/0.8300 (Dec 12 high/psychological level).
AUD/USD broke decisively below the 0.82 mark and extended weakness to a fresh 4 ½-year low of 0.8138 before finding support and recovering slightly. The pair has climbed back to the 0.8180 zone, where it trades 0.45% down on the day, as investors gear up for the Federal Reserve decision scheduled for 19:00 GMT.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate supports at 0.8138 (2014 low Dec 17), 0.8100 (psychological level) and 0.8082 (Jun 27 2010 low). On the other hand, resistances are seen at 0.8235 (daily high), 0.8272/3 (10-day SMA/Dec 16 high) and 0.8298/0.8300 (Dec 12 high/psychological level).