Forex: AUD/USD challenges resistance area
Forex pairs in this Article »
AUD/USD
FXstreet.com (Córdoba) - The Australian dollar erased earlier losses versus the greenback and is back knocking the doors of 1.0500 on Tuesday, helped by the positive market mood.
AUDUSD rose over 40 pips after bottoming out at 1.0460, and recently printed a daily high of 1.0501 before pulling back. The 1.0500/15 area has capped the pair within the last days despite several attempts.
At time of writing, AUDUSD is trading at the 1.0495 area, 0.1% above its opening price. As for technical levels, the Mataf.net team locates immediate resistances at 1.0505, 1.0525 and 1.0545, while they see supports at 1.0460, 1.0440 and 1.0410.
AUDUSD rose over 40 pips after bottoming out at 1.0460, and recently printed a daily high of 1.0501 before pulling back. The 1.0500/15 area has capped the pair within the last days despite several attempts.
At time of writing, AUDUSD is trading at the 1.0495 area, 0.1% above its opening price. As for technical levels, the Mataf.net team locates immediate resistances at 1.0505, 1.0525 and 1.0545, while they see supports at 1.0460, 1.0440 and 1.0410.
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