27 May 2014
AUD/USD clings to gains
FXStreet (Córdoba) - The AUD/USD is holding onto to intraday gains at the beginning of the American session, despite the USD strengthened broadly on the back of better-than-expected US data.
The pullback of the AUD/USD from a weekly high of 0.9277, found support at the 0.9245 zone, but the bounce lacked momentum, leaving the Aussie confined to a phase of consolidation. At the time of writing, the AUD/USD is trading at the 0.9260 zone, 0.27% above its opening price.
AUD/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXStreet notes that the AUD/USD maintains a positive tone, although it lacks momentum at the time being.
Bednarik locates next resistance levels at 0.9240, 0.9270 and 0.9310, while she sees support levels at 0.9200, 0.9170 and 0.9135.
The pullback of the AUD/USD from a weekly high of 0.9277, found support at the 0.9245 zone, but the bounce lacked momentum, leaving the Aussie confined to a phase of consolidation. At the time of writing, the AUD/USD is trading at the 0.9260 zone, 0.27% above its opening price.
AUD/USD technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXStreet notes that the AUD/USD maintains a positive tone, although it lacks momentum at the time being.
Bednarik locates next resistance levels at 0.9240, 0.9270 and 0.9310, while she sees support levels at 0.9200, 0.9170 and 0.9135.