15 Sep 2015
AUD/USD holds above 0.7100
FXStreet (Córdoba) - The Australian dollar failed to hold at 2-week highs against the greenback and pulled back following RBA minutes release during the Asian session.
AUD/USD snapped a 3-day winning streak as it retreated from a peak of 0.7165. However, with the downside contained by the 0.7100 area, the pair was confined to a phase of consolidation as investors gear up for the Federal Reserve decision on Thursday.
At time of writing, AUD/USD is trading at 0.7117, recording a 0.25% loss on the day, with the latest string of US data having virtually no impact on the pair.
AUD/USD technical levels
AS for technical levels, AUD/USD could find next supports at 0.7102/00 (Sep 15 low/psychological level) and 0.7062 (Sep 14 low) ahead of 0.7035 (Sep 11 low). On the flip side, resistances line up at 0.7165 (Sep 15 high), 0.7205 (Aug 28 high) and 0.7249 (Aug 25 high).
AUD/USD snapped a 3-day winning streak as it retreated from a peak of 0.7165. However, with the downside contained by the 0.7100 area, the pair was confined to a phase of consolidation as investors gear up for the Federal Reserve decision on Thursday.
At time of writing, AUD/USD is trading at 0.7117, recording a 0.25% loss on the day, with the latest string of US data having virtually no impact on the pair.
AUD/USD technical levels
AS for technical levels, AUD/USD could find next supports at 0.7102/00 (Sep 15 low/psychological level) and 0.7062 (Sep 14 low) ahead of 0.7035 (Sep 11 low). On the flip side, resistances line up at 0.7165 (Sep 15 high), 0.7205 (Aug 28 high) and 0.7249 (Aug 25 high).