Forex: AUD/USD bouncing off lows, around 1.0525/30
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - After dipping to the proximities of 1.0510, the Aussie dollar has managed to gain some traction and recover some pips to the actual area at 1.0525
The AUD partially recovered yesterday's losses after the jobless rate ticked higher in December, although the better-than-expected Chinese data this early morning failed to lure buyers into AUDUSD
At the moment the pair is down 0.20% at 1.0524 with the initial support at 1.0510 (hourly low Jan.17) followed by 1.0494 (low Jan.10).
On the flip side, a break above 1.0580 (high Jan.16) would open the door to 1.0599 (high Jan.10) and 1.0624 (Upper Bollinger.
The AUD partially recovered yesterday's losses after the jobless rate ticked higher in December, although the better-than-expected Chinese data this early morning failed to lure buyers into AUDUSD
At the moment the pair is down 0.20% at 1.0524 with the initial support at 1.0510 (hourly low Jan.17) followed by 1.0494 (low Jan.10).
On the flip side, a break above 1.0580 (high Jan.16) would open the door to 1.0599 (high Jan.10) and 1.0624 (Upper Bollinger.
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