Forex: AUD/USD upside capped at 1.0500
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - The AUD is one of the best performers of the celebratory rally after the US 'fiscal cliff' was averted, although it still couldn't be able to follow through the key resistance at 1.0500
The spiralling risk appetite has pushed the cross from the proximities of 1.0380 on Wednesday to the vicinity of 1.0525, just to retrace some ground since then.
In the data space, the AIG Performance of Services Index is due tonight (prev. 47.1).
AUDUSD is now down 0.07% at 1.0497 with the next support at 1.0475 (hourly lows Jan.2) ahead of 1.0465 (MA21d) and then 1.0415 (high Dec.24).
On the flip side, a break above 1.0524 (high Jan.2) would open the door to 1.0528 (76.4% 1.0585-1.0345) and 1.0535 (high Dec.19).
The spiralling risk appetite has pushed the cross from the proximities of 1.0380 on Wednesday to the vicinity of 1.0525, just to retrace some ground since then.
In the data space, the AIG Performance of Services Index is due tonight (prev. 47.1).
AUDUSD is now down 0.07% at 1.0497 with the next support at 1.0475 (hourly lows Jan.2) ahead of 1.0465 (MA21d) and then 1.0415 (high Dec.24).
On the flip side, a break above 1.0524 (high Jan.2) would open the door to 1.0528 (76.4% 1.0585-1.0345) and 1.0535 (high Dec.19).
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