11 Dec 2013
AUD/USD struggling with 0.9100
FXstreet.com (Córdoba) - The AUD/USD came under pressure Wednesday and reversed yesterday gains weighed by disappointing Australian consumer sentiment data and as the greenback recovers ground across the board.
The AUD/USD found resistance once again at the 0.9165 area, which has been capping recovery attempts over the last 2 weeks, and lost more than 60 pips throughout the last sessions to hit a low of 0.9099 in recent dealings. With not much data in the US docket, Aussie traders will now be watching Australian employment figures that will be published during the Asian session.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.9105 area, recording a 0.5% loss on the day with immediate supports at 0.9090 (200-hour SMA) and 0.9075 (Dec 10 low), while resistances are seen at 0.9165 (daily high) and 0.9200 (psychological level).
The AUD/USD found resistance once again at the 0.9165 area, which has been capping recovery attempts over the last 2 weeks, and lost more than 60 pips throughout the last sessions to hit a low of 0.9099 in recent dealings. With not much data in the US docket, Aussie traders will now be watching Australian employment figures that will be published during the Asian session.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.9105 area, recording a 0.5% loss on the day with immediate supports at 0.9090 (200-hour SMA) and 0.9075 (Dec 10 low), while resistances are seen at 0.9165 (daily high) and 0.9200 (psychological level).