18 Dec 2014
AUD/USD moves away from 4-1/2 year lows
FXStreet (Mumbai) - The Aussie trades higher against the US dollar, recovering from a four and a half year low levels as the US dollar retreated in the Asian morning.
The AUD/USD pair now trades at 0.8142 levels, up 0.20% on the day, after hitting day’s high of 0.8163 levels. The Aussie dropped sharply to fresh four and a half year lows against the US dollar in overnight trading after expectations of policy normalization in the US grew even stronger with the release of Federal Open Market Committee (FOMC) statement.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8155 (20-day SMA) levels, above which gains could be extended to 0.8190 (50-day SMA) levels. On the flip side, support is seen at 0.8129 (10-day SMA) levels, from here it to 0.8104 (Dec 17 Low) levels.
The AUD/USD pair now trades at 0.8142 levels, up 0.20% on the day, after hitting day’s high of 0.8163 levels. The Aussie dropped sharply to fresh four and a half year lows against the US dollar in overnight trading after expectations of policy normalization in the US grew even stronger with the release of Federal Open Market Committee (FOMC) statement.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8155 (20-day SMA) levels, above which gains could be extended to 0.8190 (50-day SMA) levels. On the flip side, support is seen at 0.8129 (10-day SMA) levels, from here it to 0.8104 (Dec 17 Low) levels.