19 Dec 2014
AUD/USD recovers from 5-yr lows, trades below 0.82 handle
FXStreet (Mumbai) - The Aussie trades moderately higher in the Asian morning, recovering from five year low levels as the green back eased slightly, surrendering Fed-backed gains.
The AUD/USD pair now trades at 0.8174 levels, up 0.12% on the day, after hitting day’s high of 0.8188 levels. The Aussie corrected sharp losses from previous session and gained ground today as mixed US data did little to boost world's No.1 currency. The Australian dollar remains buoyed in absence of any OZ data as markets await Bank of Japan Monetary policy statement followed by the press conference.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8194 (100-day SMA) levels, above which gains could be extended to 0.8205 (Dec 18 High) levels. On the flip side, support is seen at 0.8129 levels, from here it to 0.8104 (Dec 17 Low) levels.
The AUD/USD pair now trades at 0.8174 levels, up 0.12% on the day, after hitting day’s high of 0.8188 levels. The Aussie corrected sharp losses from previous session and gained ground today as mixed US data did little to boost world's No.1 currency. The Australian dollar remains buoyed in absence of any OZ data as markets await Bank of Japan Monetary policy statement followed by the press conference.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8194 (100-day SMA) levels, above which gains could be extended to 0.8205 (Dec 18 High) levels. On the flip side, support is seen at 0.8129 levels, from here it to 0.8104 (Dec 17 Low) levels.