Forex: AUD/USD consolidates losses above 200-hour SMA

FXstreet.com (Córdoba) - The Aussie is among the worst performers today and it is set to close the day in negative territory against the dollar, as the recovery seen in stocks and commodities wasn't enough to support risk-sensitive currencies like the AUD and the CAD.

AUDUSD dropped over 60 pips throughout the day and bottomed out at 1.0417 during the New York session. However, the pair continues to trade within its weekly range, currently around 1.0430, 0.4% below its opening price, with the 200-hour SMA providing immediate support at the 1.0420 area.

Below 1.0420/15, next supports for AUDUSD are seen at 1.0400 and 1.0385, while on the upside resistances could be found at 1.0445, 1.0465 and 1.0480.