21 Jan 2015
AUD/USD regains strength
FXStreet (Mumbai) - The AUD/USD pair is back above 0.82 handle, as the US dollar weakened against most of the G-10 currencies, tracking weak treasury yields.
The pair now trades 0.61% higher for the day at 0.8219 levels. Earlier today, a better-than-expected consumer sentiment data in Australia had pushed the pair higher to the 50-DMA located at 0.8230 levels. The Aussie had witnessed a sudden fall ahead of the European session, taking the pair below the 5-DMA and the 10-DMA levels. A sharp recovery seen ahead of the US session was mainly in line with broad based weakness in the US dollar index. However, the pair appears exhausted once again around 0.8220 after the release of the mixed housing data.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8197 (10-DMA), above which the pair could re-test the 50-DMA located at 0.8230 levels. Meanwhile, support is seen at 0.8161 and 0.8139 levels.
The pair now trades 0.61% higher for the day at 0.8219 levels. Earlier today, a better-than-expected consumer sentiment data in Australia had pushed the pair higher to the 50-DMA located at 0.8230 levels. The Aussie had witnessed a sudden fall ahead of the European session, taking the pair below the 5-DMA and the 10-DMA levels. A sharp recovery seen ahead of the US session was mainly in line with broad based weakness in the US dollar index. However, the pair appears exhausted once again around 0.8220 after the release of the mixed housing data.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8197 (10-DMA), above which the pair could re-test the 50-DMA located at 0.8230 levels. Meanwhile, support is seen at 0.8161 and 0.8139 levels.