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6 Jan 2014
AUD/USD trades flat on the day
FXstreet.com (Córdoba) - The AUD/USD has entered a consolidation phase after failing to decisively break above the 0.9000 level on Friday.
The AUD/USD reached a high of 0.9004 last week but was rejected and extended weakness Monday after the HSBC China services Purchasing Managers' Index fell to 50.9 in December from 52.5 in November. The pair found support at the 0.8935 zone and settled in a range during the last hours to currently trade at the 0.8950 zone, virtually unchanged since opening.
AUD/USD levels to watch
In terms of technical levels, AUD/USD immediate resistances line up at 0.8980 (daily high), 0.9004 (Jan 3 high) and 0.9079 (Dec 12 peak). On the other hand, supports are seen at 0.8934 (daily low), 0.8915 (10-day SMA) and 0.8900 (psychological level).
The AUD/USD reached a high of 0.9004 last week but was rejected and extended weakness Monday after the HSBC China services Purchasing Managers' Index fell to 50.9 in December from 52.5 in November. The pair found support at the 0.8935 zone and settled in a range during the last hours to currently trade at the 0.8950 zone, virtually unchanged since opening.
AUD/USD levels to watch
In terms of technical levels, AUD/USD immediate resistances line up at 0.8980 (daily high), 0.9004 (Jan 3 high) and 0.9079 (Dec 12 peak). On the other hand, supports are seen at 0.8934 (daily low), 0.8915 (10-day SMA) and 0.8900 (psychological level).