3 Sep 2013
AUD/USD loses momentum
FXstreet.com (Córdoba) - After reaching fresh weekly highs, the AUD/USD lost momentum and retreated a tad as the risk-on rally fades and the DJIA turns negative in Wall Street.
AUD/USD trims daily gains
AUD/USD pulled back from a peak of 0.9070 toward the 0.9035 zone before finding support at the 10-hour SMA and pausing the correction. At time of writing, the Aussie is trading at the 0.9040 area, still up 0.4% on the day.
AUD/USD levels to watch
As for technical levels, immediate resistances for AUD/USD are seen at 0.9070 (daily high), 0.9100 (psychological level) and 0.9132 (Aug 20 high), while on the flip side, supports might be found at 0.9000 (psychological level) and 0.8970 (daily low).
AUD/USD trims daily gains
AUD/USD pulled back from a peak of 0.9070 toward the 0.9035 zone before finding support at the 10-hour SMA and pausing the correction. At time of writing, the Aussie is trading at the 0.9040 area, still up 0.4% on the day.
AUD/USD levels to watch
As for technical levels, immediate resistances for AUD/USD are seen at 0.9070 (daily high), 0.9100 (psychological level) and 0.9132 (Aug 20 high), while on the flip side, supports might be found at 0.9000 (psychological level) and 0.8970 (daily low).