1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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).


    -------
    What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18th and get the recording too.
    -------

    For more information, read our latest forex news.
     

Share This Page