17 Nov 2014
AUD/USD downside contained 0.8720
FXStreet (Córdoba) - AUD/USD surrendered intraday gains and dipped into negative territory for the day after being rejected by the 0.8795 area where it peaked during the Asian session.
AUD/USD was weighed by the risk averse mood and dropped more than 70 pips over the last hours to hit a low of 0.8720 before settling in a slim range. At time of writing, AUD/USD is trading at the 0.8730 zone, down 0.23% on the day.
It is a quiet day ahead data-wise, with the NY Empire State manufacturing index and US industrial production data on tap.
AUD/USD technical levels
In terms of technical levels, immediate resistances are seen at 0.8795/0.8800 (Nov 17 high/psychological level), 0.8807 (50-day SMA) and 0.8850 (Oct 31 high). On the flip side, supports could be found at 0.8720 (Nov 17 low), 0.8700 (psychological level) and 0.8674 (10-day SMA).
AUD/USD was weighed by the risk averse mood and dropped more than 70 pips over the last hours to hit a low of 0.8720 before settling in a slim range. At time of writing, AUD/USD is trading at the 0.8730 zone, down 0.23% on the day.
It is a quiet day ahead data-wise, with the NY Empire State manufacturing index and US industrial production data on tap.
AUD/USD technical levels
In terms of technical levels, immediate resistances are seen at 0.8795/0.8800 (Nov 17 high/psychological level), 0.8807 (50-day SMA) and 0.8850 (Oct 31 high). On the flip side, supports could be found at 0.8720 (Nov 17 low), 0.8700 (psychological level) and 0.8674 (10-day SMA).