Back
12 Apr 2013
Forex: AUD/USD finds support at 1.0515
FXstreet.com (Córdoba) - The Australian dollar lost ground on Friday after staging a decent rally the previous day (despite weak domestic employment data) as cautious mood settled on the markets.
AUD/USD retreated from its 3-month high of 1.0581 scored on Thursday and having dropped over 70 within the last sessions, it hit a daily low of 1.0514 before finding support. At time of writing, AUD/USD is trading around 1.0525/30, recording a 0.1% loss on the day, the first after 4 days of gains.
In terms of technical levels, the Mataf.net analyst team locates immediate supports at 1.0515, 1.0475 and 1.0415, while they see resistances at 1.0530, 1.0560 and 1.0580.
AUD/USD retreated from its 3-month high of 1.0581 scored on Thursday and having dropped over 70 within the last sessions, it hit a daily low of 1.0514 before finding support. At time of writing, AUD/USD is trading around 1.0525/30, recording a 0.1% loss on the day, the first after 4 days of gains.
In terms of technical levels, the Mataf.net analyst team locates immediate supports at 1.0515, 1.0475 and 1.0415, while they see resistances at 1.0530, 1.0560 and 1.0580.