20 Jan 2014
AUD/USD regains 0.8800
FXstreet.com (Córdoba) - The AUD/USD managed to recover ground Monday after hitting a fresh 3 ½-year low during the Asian session and recently reached fresh daily highs.
The AUD/USD dropped to 0.8756 at the weekly opening but turned positive afterwards, underpinned by strong Chinese data. The AUD/USD staged a comeback and regained the 0.8800 mark to score a high of 0.8812 in recent dealings. At time of writing, the pair is trading at the 0.8810 area, recording a 0.5% gain after 4 day of losses.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.8812 next resistances could be found at 0.8827 (Jan 17 high) and 0.8860 (100-hour SMA). On the other hand, supports are now seen at 0.8756 (Jan 20 low) and 0.8700 (psychological level).
The AUD/USD dropped to 0.8756 at the weekly opening but turned positive afterwards, underpinned by strong Chinese data. The AUD/USD staged a comeback and regained the 0.8800 mark to score a high of 0.8812 in recent dealings. At time of writing, the pair is trading at the 0.8810 area, recording a 0.5% gain after 4 day of losses.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.8812 next resistances could be found at 0.8827 (Jan 17 high) and 0.8860 (100-hour SMA). On the other hand, supports are now seen at 0.8756 (Jan 20 low) and 0.8700 (psychological level).