23 Dec 2014
AUD/USD hovers around 5 year lows
FXStreet (Mumbai) - The Aussie extended its losing streak and trades lower versus the US counterpart in the mid-Asian session, close to five year low levels reached in the last week.
Currently, the AUD/USD pair hit a fresh daily low of 0.8115 levels, down -0.20% on the day. The Aussie slid against the greenback as falling commodities prices failed to provide floor to the currency pair. Also, weaker Australian equities led by losses in the mining and oil sectors following a notable drop in commodity prices overnight weighed on the Aussie pair. The benchmark S&P/ASX 200 index is down 46 points or 0.57% at 5394 levels.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8176 (Dec 22 High) levels, above which gains could be extended to 0.8205 (Dec 18 High) levels. On the flip side, support is seen at 0.8104 (Dec 17 Low) levels, from here it to 0.8080 levels.
Currently, the AUD/USD pair hit a fresh daily low of 0.8115 levels, down -0.20% on the day. The Aussie slid against the greenback as falling commodities prices failed to provide floor to the currency pair. Also, weaker Australian equities led by losses in the mining and oil sectors following a notable drop in commodity prices overnight weighed on the Aussie pair. The benchmark S&P/ASX 200 index is down 46 points or 0.57% at 5394 levels.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8176 (Dec 22 High) levels, above which gains could be extended to 0.8205 (Dec 18 High) levels. On the flip side, support is seen at 0.8104 (Dec 17 Low) levels, from here it to 0.8080 levels.