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25 Mar 2013
Forex: AUD/USD retreats from highs, around 1.0460
FXstreet.com (Barcelona) - After hitting fresh intraday highs in the vicinity of 1.0470, the Aussie dollar is now retracing to the area of 1.0450/55 on Monday as risk appetite is losing momentum.
Recall that the cross has been markedly lifted by the deal between the ‘Troika’ and the Cypriot Government on Monday, boosting the risk-associated assets.
As of writing, the cross is up 0.18% at 1.0461 with the next resistance at 1.0475 (high Jan.300 ahead of 1.0485 (76.4% of 1.0599-1.0116) and then 1.0530 (hourly high Jan.24).
On the downside, a breach of 1.0415 (high Mar.15) would bring 1.0414 (61.8% of 1.0599-1.0116) and then 1.0390 (hourly high/lows Mar.21).
Recall that the cross has been markedly lifted by the deal between the ‘Troika’ and the Cypriot Government on Monday, boosting the risk-associated assets.
As of writing, the cross is up 0.18% at 1.0461 with the next resistance at 1.0475 (high Jan.300 ahead of 1.0485 (76.4% of 1.0599-1.0116) and then 1.0530 (hourly high Jan.24).
On the downside, a breach of 1.0415 (high Mar.15) would bring 1.0414 (61.8% of 1.0599-1.0116) and then 1.0390 (hourly high/lows Mar.21).