5 Jan 2015
AUD/USD remains capped below 0.8100
FXStreet (Córdoba) - The recovery of the Australian dollar versus its US counterpart stalled at the 0.8090 area, confining AUD/USD to a phase of consolidation near its 4 ½-year low struck earlier at 0.8035.
Investors seem to use every bounce attempt as a selling opportunity, keeping AUD/USD under pressure as the cautious tone predominates. Having touched its lowest level since June 2010, the pair is currently trading at 0.8060, recording a 0.44% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks below 0.8035, next supports are seen at 0.8000 (psychological level) and 0.7955 (Jul 16 2009 low). On the flip side, immediate resistances could be found at 0.8088 (intraday level), 0.8105 (daily high) and 0.8123 (10-day SMA).
Investors seem to use every bounce attempt as a selling opportunity, keeping AUD/USD under pressure as the cautious tone predominates. Having touched its lowest level since June 2010, the pair is currently trading at 0.8060, recording a 0.44% loss on the day.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks below 0.8035, next supports are seen at 0.8000 (psychological level) and 0.7955 (Jul 16 2009 low). On the flip side, immediate resistances could be found at 0.8088 (intraday level), 0.8105 (daily high) and 0.8123 (10-day SMA).