Back
21 Apr 2014
AUD/USD erases daily losses
FXStreet (Córdoba) - The AUD/USD managed to erase intraday losses after falling to a fresh 2-week low during the Asian session.
The AUD/USD bounced off 0.9314 but lacked momentum to extend its recovery beyond 0.9335 and entered a consolidative phase. At time of writing, the AUD/USD is trading at 0.9330, virtually unchanged on the day. No domestic data was released as Australian markets remained closed Monday with investors now turning attention to Wednesday's inflation figures.
AUD/USD levels to watch
In terms of technical levels, immediate resistances could be found at 0.9340 (Apr 21 high), 0.9370 (10-day SMA) and 0.9400 (psychological level). On the other hand, supports are seen at 0.9314 (Apr 21 low), 0.9300 (psychological level) and 0.9261 (Apr 8 low).
The AUD/USD bounced off 0.9314 but lacked momentum to extend its recovery beyond 0.9335 and entered a consolidative phase. At time of writing, the AUD/USD is trading at 0.9330, virtually unchanged on the day. No domestic data was released as Australian markets remained closed Monday with investors now turning attention to Wednesday's inflation figures.
AUD/USD levels to watch
In terms of technical levels, immediate resistances could be found at 0.9340 (Apr 21 high), 0.9370 (10-day SMA) and 0.9400 (psychological level). On the other hand, supports are seen at 0.9314 (Apr 21 low), 0.9300 (psychological level) and 0.9261 (Apr 8 low).