Forex: AUD/USD hits 10-day low under 1.0500
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AUD/USD
FXstreet.com (Córdoba) - The Australian dollar failed to benefit from positive Chinese data, and weakened versus the greenback on Friday, having erased yesterday's gains and lost over 60 pips throughout the day.
AUDUSD broke below the 1.0500 mark and hit a fresh 10-day low of 1.0484 before finding support at the crossover of 100 and 200 SMA in 4 hour charts. At time of writing, AUDUSD is trading at the 1.0495 area, recording a 0.5% daily loss.
The Aussie has had a choppy week, seesawing in a roughly 100-pip range between 1.0485 and 1.0580, and it is on track to end it 0.3% lower.
AUDUSD broke below the 1.0500 mark and hit a fresh 10-day low of 1.0484 before finding support at the crossover of 100 and 200 SMA in 4 hour charts. At time of writing, AUDUSD is trading at the 1.0495 area, recording a 0.5% daily loss.
The Aussie has had a choppy week, seesawing in a roughly 100-pip range between 1.0485 and 1.0580, and it is on track to end it 0.3% lower.
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