22 Jan 2015
AUD/USD posts fresh session highs at 0.8108 levels
FXStreet (Mumbai) - The Aussie edged higher in the mid-European session against the US dollar, swinging between gains and losses as traders booked profits on their short positions ahead of ECB meeting.
Currently, the AUD/USD traded at 0.8100 levels, up 0.17% on the day, rebounding from fresh two-week lows at 0.8056 reached in the previous session. Any gains in the Aussie are expected to be short lived as the expected ECB QE announcement is likely to push the USD higher. Moreover, AUD/USD remains pressured amid renewed weakness in commodity prices.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8108 (Today’s High) levels, above which gains could be extended to 0.8132 levels. On the flip side, support is seen at 0.8034 from here it to 0.80 levels.
Currently, the AUD/USD traded at 0.8100 levels, up 0.17% on the day, rebounding from fresh two-week lows at 0.8056 reached in the previous session. Any gains in the Aussie are expected to be short lived as the expected ECB QE announcement is likely to push the USD higher. Moreover, AUD/USD remains pressured amid renewed weakness in commodity prices.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8108 (Today’s High) levels, above which gains could be extended to 0.8132 levels. On the flip side, support is seen at 0.8034 from here it to 0.80 levels.