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Forex pairs in this Article » AUD/USD (Barcelona) - The Aussie dollar is now recovering some ground lost after breaching 1.0350 earlier, dragged by increasing risk aversion as a result of another delay in a deal involving the Greek sovereign debt. According to EU sources, the ministers would go through further technicalities next Monday.

AUD is still suffering the effects of a dovish tone out of the RBA minutes and the later speech by Governor G.Stevens, falling from weekly highs above 1.0420

At the moment the cross is retreating 0.26% at 1.0362
Next support lies at 1.0339 (low Nov.19) ahead of 1.0316 (MA200d) and 1.0292 (Lower Bollinger).
On the flip side, a break above 1.0400 (hourly high/low Nov.20) would open the door to 1.0447 (Upper Bollinger) and 1.0459 (high Nov.14).
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