12 Jan 2015
AUD/USD: A minor rebound ahead of 0.8120 support
FXStreet (Guatemala) - AUD/USD is currently trading at 0.8157 with a high of 0.8257 a and making a low of 0.8131 while down 0.57% on the day.
AUD/USD has been directly offered from 0.8260 and plummeted back through the bullish opening gap in the week. 0.8135 has demand supporting the pair from a complete collapse and loss of the 0.81 handle. Below 0.81 opens up 0.8080 and 0.8040 as supports.
Meanwhile the market for commodities had taken a hit with oil giving in again and the US dollar is benefitting while gold dropped 12 bucks before rebounding and recouping back 90% of the losses, yet there has been little in the way of follow through in the Aussie so far.
AUD/USD has been directly offered from 0.8260 and plummeted back through the bullish opening gap in the week. 0.8135 has demand supporting the pair from a complete collapse and loss of the 0.81 handle. Below 0.81 opens up 0.8080 and 0.8040 as supports.
Meanwhile the market for commodities had taken a hit with oil giving in again and the US dollar is benefitting while gold dropped 12 bucks before rebounding and recouping back 90% of the losses, yet there has been little in the way of follow through in the Aussie so far.