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21 Feb 2014
AUD/USD accelerates lower
FXStreet (Córdoba) - The AUD/USD came under pressure at the beginning of the American session and fell to fresh daily lows as European stocks surrender gains.
The AUD/USD failed to extend its bounce past the 0.9020 resistance area and following a consolidation phase it weakened and dropped back below 0.9000 toward a low of 0.8961 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8970 area, recording a 0.4% loss on the day.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks below the 0.8960 zone, next resistances are seen at 0.8935 (Feb 20 low) and 0.8900 (psychological levels). On the other hand, resistances are seen at 0.9020 (Feb 20 high), 0.9043 (Feb 19 high) and 0.9080 (Feb 18 high).
The AUD/USD failed to extend its bounce past the 0.9020 resistance area and following a consolidation phase it weakened and dropped back below 0.9000 toward a low of 0.8961 in recent dealings. At time of writing, the AUD/USD is trading at the 0.8970 area, recording a 0.4% loss on the day.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks below the 0.8960 zone, next resistances are seen at 0.8935 (Feb 20 low) and 0.8900 (psychological levels). On the other hand, resistances are seen at 0.9020 (Feb 20 high), 0.9043 (Feb 19 high) and 0.9080 (Feb 18 high).