22 Dec 2014
AUD/USD trades above 5-DMA
FXStreet (Mumbai) - The Aussie trades higher versus the US counterpart in the Asian morning, rebounding from five year low levels reached in the last week.
The AUD/USD pair now trades at 0.8158 levels, up 0.14% on the day, after hitting day’s high of 0.8166 levels.
The Aussie remains supported against the greenback after the US dollar retreated today from multi year highs levels seen in the previous week. The AUD/USD pair remains supported on firmer Australian equities as rebound in commodities drives the energy and metals stocks higher. The benchmark S&P/ASX 200 index is up 60 points or 0.63% at 5,430 levels.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8195 (Dec 19 High) 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 0.8158 levels, up 0.14% on the day, after hitting day’s high of 0.8166 levels.
The Aussie remains supported against the greenback after the US dollar retreated today from multi year highs levels seen in the previous week. The AUD/USD pair remains supported on firmer Australian equities as rebound in commodities drives the energy and metals stocks higher. The benchmark S&P/ASX 200 index is up 60 points or 0.63% at 5,430 levels.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8195 (Dec 19 High) 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.