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11 Jun 2013
AUD/USD bounces off 0.9325 and trims losses
FXstreet.com (Córdoba) - After a steep fall, AUD/USD managed to trim losses despite the negative opening in Wall Street.
AUD/USD bottomed out at a 2 ½-year low of 0.9325 during the European trade, but found support and recovered some ground to currently trade at the 0.9360/65 area, still 1.0% below its opening price.
In terms of technical levels, on the downside supports are seen at 0.9325 (daily low) and 0.9300 (psychological level), while on the upside resistances could be found at 0.9370 (hourly high) and 0.9400 (psychological level).
AUD/USD bottomed out at a 2 ½-year low of 0.9325 during the European trade, but found support and recovered some ground to currently trade at the 0.9360/65 area, still 1.0% below its opening price.
In terms of technical levels, on the downside supports are seen at 0.9325 (daily low) and 0.9300 (psychological level), while on the upside resistances could be found at 0.9370 (hourly high) and 0.9400 (psychological level).