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16 Dec 2013
AUD/USD flat around 0.8950
FXstreet.com (Córdoba) - The AUD/USD continues to waver around a flat line Monday as the Aussie takes a breather after last week's slump.
The AUD/USD touched a 3 ½-month low of 0.8907 Friday and despite several recovery attempts, the pair has failed to regain the 0.8960 zone. The pair is back headed north toward the top of its recent range, currently trading at 0.8955, virtually unchanged on the day ahead of RBA minutes next Asian session and the Fed decision Wednesday.
AUD/USD key levels
As for technical levels, if the AUD/USD breaks above 0.8960 (daily high), next resistances are seen at 0.9000 (psychological level) and 0.9048 (10-day SMA). On the other hand, supports could be found at 0.8907 (Dec 13 low), 0.8900 (psychological level) and 0.8892 (Aug 30 low).
The AUD/USD touched a 3 ½-month low of 0.8907 Friday and despite several recovery attempts, the pair has failed to regain the 0.8960 zone. The pair is back headed north toward the top of its recent range, currently trading at 0.8955, virtually unchanged on the day ahead of RBA minutes next Asian session and the Fed decision Wednesday.
AUD/USD key levels
As for technical levels, if the AUD/USD breaks above 0.8960 (daily high), next resistances are seen at 0.9000 (psychological level) and 0.9048 (10-day SMA). On the other hand, supports could be found at 0.8907 (Dec 13 low), 0.8900 (psychological level) and 0.8892 (Aug 30 low).