20 Aug 2013
AUD/USD recovery capped by 0.9100
FXstreet.com (Córdoba) - After bottoming out at the 0.9025 area during the European session, AUD/USD found support and bounced, having trimmed most of its intraday losses at the beginning of the New York session.
However, the recovery of the AUD/USD stalled just ahead of the 0.9100 mark, more precisely at 0.9097, confining the pair to a phase of consolidation. At time of writing, AUD/USD is trading at the 0.9085/90 area, where it records a 0.3% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD regains the 0.9100 mark, next resistances could be found at 0.9140 (100-hour SMA) and 0.9190 (Aug 15 high), while supports are seen at 0.9025 (daily low) and 0.9000 (psychological level).
However, the recovery of the AUD/USD stalled just ahead of the 0.9100 mark, more precisely at 0.9097, confining the pair to a phase of consolidation. At time of writing, AUD/USD is trading at the 0.9085/90 area, where it records a 0.3% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD regains the 0.9100 mark, next resistances could be found at 0.9140 (100-hour SMA) and 0.9190 (Aug 15 high), while supports are seen at 0.9025 (daily low) and 0.9000 (psychological level).