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25 Apr 2013
Forex: AUD/USD rejected from 1.0340
FXstreet.com (Córdoba) - The Australian dollar was rejected from the 1.0340 area at the beginning of the NY session and retraced part of its intraday gains, despite the positive tone of stock markets.
AUD/USD found resistance at a high of 1.0338 and retreated, dipping back below the 1.0300 mark in recent dealings. At time of writing, the Aussie is quoting at the 1.0295 zone, still up 0.2% on the day.
In terms of technical levels, if AUD/USD manages to break decisively above 1.0338, next resistances could be found at 1.0345 (55-day SMA) and 1.0360 (high Apr 19). On the downside, next supports could be faced at 1.0270 (daily low), 1.0230 (low Apr 24) and 1.0220 (low Apr 23).
AUD/USD found resistance at a high of 1.0338 and retreated, dipping back below the 1.0300 mark in recent dealings. At time of writing, the Aussie is quoting at the 1.0295 zone, still up 0.2% on the day.
In terms of technical levels, if AUD/USD manages to break decisively above 1.0338, next resistances could be found at 1.0345 (55-day SMA) and 1.0360 (high Apr 19). On the downside, next supports could be faced at 1.0270 (daily low), 1.0230 (low Apr 24) and 1.0220 (low Apr 23).