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23 Feb 2015
AUD/USD falls to 10-DMA
FXStreet (Mumbai) - The Aussie weakened in cautious trade, taking the AUD/USD pair down to the 10-DMA located at 0.7791 levels. The pair ran into a wall of resistance around 0.7840-0.7850 earlier today.
AUD/USD keeps 0.7750-0.7840 range
The pair continues to trade in 0.7750-0.7840 range seen since last few sessions. The weakness in the commodity prices along with the Greece's debt troubles failed to see the pair rise above 0.7840 levels. On the flip side, a slightly dovish Fed minutes released last week helped the pair sustain above 0.7750 levels. The pair could extend the drop if the regional manufacturing indices in the US and Existing home sales data beats market expectations.
AUD/USD Technical Levels
The immediate support is seen at 0.777 (hourly 200-MA), under which losses could be extended to 0.7741 level. On the flip side, resistance is seen at 0.7840 and 0.7874 levels.
AUD/USD keeps 0.7750-0.7840 range
The pair continues to trade in 0.7750-0.7840 range seen since last few sessions. The weakness in the commodity prices along with the Greece's debt troubles failed to see the pair rise above 0.7840 levels. On the flip side, a slightly dovish Fed minutes released last week helped the pair sustain above 0.7750 levels. The pair could extend the drop if the regional manufacturing indices in the US and Existing home sales data beats market expectations.
AUD/USD Technical Levels
The immediate support is seen at 0.777 (hourly 200-MA), under which losses could be extended to 0.7741 level. On the flip side, resistance is seen at 0.7840 and 0.7874 levels.