Forex: AUD/USD consolidates above 1.0500
Forex pairs in this Article »
AUD/USD
FXstreet.com (Córdoba) - As most crosses, AUDUSD enjoys a quiet session on Monday as US markets remain closed due to the Martin Luther King Day and ahead of the next event of risk, the BoJ policy decision.
AUDUSD opened the week slightly weaker, but managed to erase losses during the European session to settle in a range during American hours. The pair has spent most of the day within the 1.0500/1.0525 range, and it is currently quoting around 1.0515, just a few pips above its opening price.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate supports at 1.0490, 1.0450 and 1.0430, while she locates next resistances at 1.0520, 1.0550 and 1.0580.
AUDUSD opened the week slightly weaker, but managed to erase losses during the European session to settle in a range during American hours. The pair has spent most of the day within the 1.0500/1.0525 range, and it is currently quoting around 1.0515, just a few pips above its opening price.
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate supports at 1.0490, 1.0450 and 1.0430, while she locates next resistances at 1.0520, 1.0550 and 1.0580.
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