21 Jan 2014
AUD/USD steadies below 0.8800
FXstreet.com (Córdoba) - The AUD/USD managed to stabilize in a tight range after being rejected from daily highs and falling to fresh lows sub-0.8800.
The AUD/USD failed to sustain gains during the European session and pulled back from a high of 0.8838 amid broad-based dollar strength, although it found support at the 0.8775 zone and it was confined to a phase of consolidation. At time of writing, the AUD/USD is trading at the 0.8785 zone, recording a 0.3% loss on the day.
AUD/USD technical levels
As for technical levels, on the downside next supports are seen at 0.8775 (Jan 21 low) and 0.8755 (Jan 20 low). On the upside, resistances could be found at 0.8838 (Jan 21 high), 0.8890 (10-day SMA) and 0.8915 (Jan 16 high).
The AUD/USD failed to sustain gains during the European session and pulled back from a high of 0.8838 amid broad-based dollar strength, although it found support at the 0.8775 zone and it was confined to a phase of consolidation. At time of writing, the AUD/USD is trading at the 0.8785 zone, recording a 0.3% loss on the day.
AUD/USD technical levels
As for technical levels, on the downside next supports are seen at 0.8775 (Jan 21 low) and 0.8755 (Jan 20 low). On the upside, resistances could be found at 0.8838 (Jan 21 high), 0.8890 (10-day SMA) and 0.8915 (Jan 16 high).