29 Jul 2013
AUD/USD finds support at 100-hour SMA
FXstreet.com (Córdoba) - The AUD/USD was rejected from daily highs and reversed its Asian session gains during the European trade.
AUD/USD treading water around 0.9240/50
AUD/USD dipped into negative territory for the day and hit a low of 0.9230 before the 100-hour SMA offered support. At time of writing, AUD/USD is trading at the 0.9240/45 region, where it is virtually unchanged since opening.
AUD/USD technical levels
As for technical levels, immediate supports for AUD/USD are seen at 0.9230/0.9227 (100-hour SMA/Jul 26 low) and 0.9213 (10-day SMA). On the other hand, resistances could be found at 0.9300 (psychological level) and 0.9320 (Jul 24 high).
AUD/USD treading water around 0.9240/50
AUD/USD dipped into negative territory for the day and hit a low of 0.9230 before the 100-hour SMA offered support. At time of writing, AUD/USD is trading at the 0.9240/45 region, where it is virtually unchanged since opening.
AUD/USD technical levels
As for technical levels, immediate supports for AUD/USD are seen at 0.9230/0.9227 (100-hour SMA/Jul 26 low) and 0.9213 (10-day SMA). On the other hand, resistances could be found at 0.9300 (psychological level) and 0.9320 (Jul 24 high).