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16 Sep 2013
AUD/USD trims daily gains
FXstreet.com (Córdoba) - The AUD/USD took a 180 degree turn during the American session and fell to retest daily lows after being rejected once again by the 0.9385/90 area.
AUD/USD rejected from highs
The AUD/USD faced strong resistance and fell back to the 0.9315 area as the greenback cut losses incurred in the wake of Larry Summer withdrawal from the race to head the Federal Reserve. At time of writing, AUD/USD is trading around 0.9325, virtually unchanged since opening but still 0.8% above Friday’s close.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next resistances at 0.9390 (daily high), 0.9415 (Jun 12 low) and 0.9427 (61.8% of 0.9790/0.8847). On the other hand, supports are seen at the 0.9315 zone (daily lows) and 0.9290 (100-hour SMA) ahead of 0.9250 (Friday’s close).
AUD/USD rejected from highs
The AUD/USD faced strong resistance and fell back to the 0.9315 area as the greenback cut losses incurred in the wake of Larry Summer withdrawal from the race to head the Federal Reserve. At time of writing, AUD/USD is trading around 0.9325, virtually unchanged since opening but still 0.8% above Friday’s close.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next resistances at 0.9390 (daily high), 0.9415 (Jun 12 low) and 0.9427 (61.8% of 0.9790/0.8847). On the other hand, supports are seen at the 0.9315 zone (daily lows) and 0.9290 (100-hour SMA) ahead of 0.9250 (Friday’s close).