23 Jan 2014
AUD/USD nears multi-year low
FXstreet.com (Córdoba) - The AUD/USD failed to sustain yesterday's gains sparked by strong Aus CPI figures and came under pressure, losing the 0.8800 mark en route to a 3-day low.
The AUD/USD fell nearly 100 pips throughout the day and hit a 3-day low of 0.8762 but managed to find support a few pips above its 3 ½-year low of 0.8756 scored Monday. At time of writing, the AUD/USD is trading at the 0.8775 zone, still 0.8% below its opening price.
AUD/USD technical levels
In terms of technical levels, supports are now seen at 0.8756 (Jan 20 low) and 0.8700 (psychological level). On the other hand, resistances could be found at 0.8851 (Jan 23 high), 0.8875 (10-day SMA) and 0.8900 (psychological level).
The AUD/USD fell nearly 100 pips throughout the day and hit a 3-day low of 0.8762 but managed to find support a few pips above its 3 ½-year low of 0.8756 scored Monday. At time of writing, the AUD/USD is trading at the 0.8775 zone, still 0.8% below its opening price.
AUD/USD technical levels
In terms of technical levels, supports are now seen at 0.8756 (Jan 20 low) and 0.8700 (psychological level). On the other hand, resistances could be found at 0.8851 (Jan 23 high), 0.8875 (10-day SMA) and 0.8900 (psychological level).