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24 Dec 2013
AUD/USD oscillates above 0.8900
FXstreet.com (Córdoba) - The AUD/USD has spent most of the day in a slim range in holiday-thinned trade, edging lower during the Asian session only to recover the lost ground during European hours.
The AUD/USD dropped a few pips to a daily low of 0.8905 from where it bounced, erasing intraday losses. However, the pair lacked momentum to break above the 0.8930 zone and steadied right below. At time of writing, the AUD/USD is trading at the 0.8925 area, virtually unchanged since opening.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks above 0.8930/35 (daily highs) it could rise towards 0.8957 (Dec 23 high) en route to 0.9000 (psychological level). On the flip side, supports could be found at 0.8905/00 (daily low/psychological level), 0.8855 (Dec 20 low) and 0.8820 (2013 low Dec 18).
The AUD/USD dropped a few pips to a daily low of 0.8905 from where it bounced, erasing intraday losses. However, the pair lacked momentum to break above the 0.8930 zone and steadied right below. At time of writing, the AUD/USD is trading at the 0.8925 area, virtually unchanged since opening.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks above 0.8930/35 (daily highs) it could rise towards 0.8957 (Dec 23 high) en route to 0.9000 (psychological level). On the flip side, supports could be found at 0.8905/00 (daily low/psychological level), 0.8855 (Dec 20 low) and 0.8820 (2013 low Dec 18).