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26 Feb 2014
AUD/USD fails to hold above 0.9000
FXStreet (Córdoba) - After a notable comeback seen during the European session, the AUD/USD lost momentum and resumed the downside as gold takes a breather after hitting 3-month highs above $1345/oz
The AUD/USD recovered more than half a cent from a low of 0.8968 but it was capped by 0.9025 and came under renewed pressure. The AUD/USD is currently trading at the 0.8990 zone, recording a 0.3% loss on the day as markets continue in search of a direction.
AUD/USD levels to watch
In terms of technical levels, on the downside, the AUD/USD could found immediate supports at 0.8968 (Feb 26 low), 0.8957 (20-day SMA) and 0.8937/35 (Feb 24 & 20 lows). On the upside, resistances are seen at 0.9025 (Feb 26 high), 0.9048 (Feb 24 high) and 0.9080 (Feb 18 high).
The AUD/USD recovered more than half a cent from a low of 0.8968 but it was capped by 0.9025 and came under renewed pressure. The AUD/USD is currently trading at the 0.8990 zone, recording a 0.3% loss on the day as markets continue in search of a direction.
AUD/USD levels to watch
In terms of technical levels, on the downside, the AUD/USD could found immediate supports at 0.8968 (Feb 26 low), 0.8957 (20-day SMA) and 0.8937/35 (Feb 24 & 20 lows). On the upside, resistances are seen at 0.9025 (Feb 26 high), 0.9048 (Feb 24 high) and 0.9080 (Feb 18 high).