18 Nov 2015
AUD/USD back below 0.7100
FXStreet (Córdoba) - The Australian dollar is underperforming Wednesday against a somewhat weaker US currency as investors await the release of FOMC meeting minutes later on the day.
AUD/USD pulled back from a peak of 0.7139 scored the previous day, but was supported by the 0.7090 area, confining the pair to a narrow range over the last hours that in fact prolongs the consolidative pattern seen this week.
At time of writing, AUD/USD is trading at 0.7095, recording a 0.21% loss on the day in a rather quiet session.
AUD/USD technical levels
As for technical levels, AUD/USD could find next supports at 0.7071 (Nov 17 low), 0.7059 (Nov 12 low), 0.7015 (Nov 10 low) and 0.6997 (Oct 1 low). On the flip side, resistances are seen at 0.7142 (50-day SMA), 0.7158 (Nov 13 high) and 0.7223 (Nov 4 high).
AUD/USD pulled back from a peak of 0.7139 scored the previous day, but was supported by the 0.7090 area, confining the pair to a narrow range over the last hours that in fact prolongs the consolidative pattern seen this week.
At time of writing, AUD/USD is trading at 0.7095, recording a 0.21% loss on the day in a rather quiet session.
AUD/USD technical levels
As for technical levels, AUD/USD could find next supports at 0.7071 (Nov 17 low), 0.7059 (Nov 12 low), 0.7015 (Nov 10 low) and 0.6997 (Oct 1 low). On the flip side, resistances are seen at 0.7142 (50-day SMA), 0.7158 (Nov 13 high) and 0.7223 (Nov 4 high).