AUD/USD revisits daily lows

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - AUD/USD consolidates in the lower-side of today’s range as the greenback staged a mild recovery during the European session while investors await Federal Reserve decision on rates.

    The Australian dollar reached a daily peak of 0.7282 following the RBA minutes, but the advance was short-lived and AUD/USD quickly turned lower. Having slid to a low of 0.7230, the pair is currently trading at 0.7235, recording a 0.17% loss on the day.

    AUD/USD levels to watch

    In terms of technical levels, immediate resistances could be faced at 0.7280/82 (Dec 11 & 15 highs), 0.7334/40 (Dec 10 & 7 highs), 0.7385 (Dec 4 high) and then 0.7400 (psychological level). On the flip side, supports are seen at 0.7188 (100-day SMA), 0.7159 (Dec 14, Nov 23 lows) and 0.7102/00 (Nov 19 low/psychological level).

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