18 Dec 2014
AUD/USD meeting strong offers 0.8200
FXStreet (Guatemala) - AUD/USD is trading at 0.8172, up 0.63% on the day, having posted a daily high at 0.8205 and low at 0.8116.
AUD/USD low remains as 0.8107 scored on the aftermath of the FOMC yesterday with a risk on market that piled into US assets in expectations of a recovering US economy. There has been some profit taking on the relief rally in commodity and commodity currencies across the board but remains capped by the 0.8200 handle coming on as strong resistance that was strong support previously.
AUD/USD technical supports
Technically, the pair was through the mid-point of the 0.81 handle which was the 200 quarter ma and below that risk was looking like the 2010 low at 0.8068 according to Karen Jones, chief analyst at Commerzbank. “We have a long term double Fibonacci support at 0.7950/30. These are 3 major levels of support for the market and we would expect to see signs of recovery down here”.
AUD/USD low remains as 0.8107 scored on the aftermath of the FOMC yesterday with a risk on market that piled into US assets in expectations of a recovering US economy. There has been some profit taking on the relief rally in commodity and commodity currencies across the board but remains capped by the 0.8200 handle coming on as strong resistance that was strong support previously.
AUD/USD technical supports
Technically, the pair was through the mid-point of the 0.81 handle which was the 200 quarter ma and below that risk was looking like the 2010 low at 0.8068 according to Karen Jones, chief analyst at Commerzbank. “We have a long term double Fibonacci support at 0.7950/30. These are 3 major levels of support for the market and we would expect to see signs of recovery down here”.