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18 Dec 2013
AUD/USD oscillates around 0.8900
FXstreet.com (Córdoba) - The AUD/USD has returned to the 0.8900 comfort zone and has spent the last hours in quiet consolidation as markets await the FOMC outcome.
The AUD/USD attempted a bounce from a 3-monh low of 0.8881 hit last NY session, but the recovery was capped by the 0.8930 area, confining the pair to a phase of consolidation around 0.8900. At time of writing, the AUD/USD is trading at 0.8905, little changed since opening.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could face immediate supports at 0.8881 (Dec 17 low) and 0.8847 (Aug 5 low) ahead of 0.8800 (psychological level) On the other hand, resistances are seen at 0.8928 (daily high) and 0.8957 (Dec 17 high).
The AUD/USD attempted a bounce from a 3-monh low of 0.8881 hit last NY session, but the recovery was capped by the 0.8930 area, confining the pair to a phase of consolidation around 0.8900. At time of writing, the AUD/USD is trading at 0.8905, little changed since opening.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could face immediate supports at 0.8881 (Dec 17 low) and 0.8847 (Aug 5 low) ahead of 0.8800 (psychological level) On the other hand, resistances are seen at 0.8928 (daily high) and 0.8957 (Dec 17 high).