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18 Apr 2013
Forex: AUD/USD back to opening levels
FXstreet.com (Córdoba) - The Australian dollar lost momentum during the American session and after peaking at 1.0336, the AUD/USD slid back below 1.0300 and into negative ground for the day. However, the Aussie found support at the 1.0280 area and rose back to around 1.0300, where it is trading at time of writing, virtually unchanged since opening.
In terms of technical levels, immediate resistances for the cross are seen at 1.0336 (intraday high), followed by 1.0370 (100-hur SMA) and 1.0400 (psychological level), while on the flip side supports could be found at 1.0268 (intraday low) and 1.0225 (Mar 12 low) ahead of 1.0200 (psychological level).
In terms of technical levels, immediate resistances for the cross are seen at 1.0336 (intraday high), followed by 1.0370 (100-hur SMA) and 1.0400 (psychological level), while on the flip side supports could be found at 1.0268 (intraday low) and 1.0225 (Mar 12 low) ahead of 1.0200 (psychological level).