25 Nov 2014
AUD/USD hits fresh 4-year lows
FXStreet (Córdoba) - Australian dollar is among the worst performers Tuesday amid a risk-off environment and weighed by RBA member comments.
RBA's Lowe said real AUD rate still quite high but he hopes it will stay structurally higher than in 1990s. AUD/USD lost nearly 100 pips throughout the day and printed a fresh 4-year low of 0.8522 in recent dealings. At time of writing, the pair is trading at 0.8540, 0.87% below its opening price.
AUD/USD levels to watch
In terms of technical level, AUD/USD could find immediate supports at 0.8500 (psychological level), 0.8470 (Jun 29 2010 low) and 0.8449 (Jul 7 2010 low). On the other hand, resistances are seen at 0.8617 (daily high), 0.866
RBA's Lowe said real AUD rate still quite high but he hopes it will stay structurally higher than in 1990s. AUD/USD lost nearly 100 pips throughout the day and printed a fresh 4-year low of 0.8522 in recent dealings. At time of writing, the pair is trading at 0.8540, 0.87% below its opening price.
AUD/USD levels to watch
In terms of technical level, AUD/USD could find immediate supports at 0.8500 (psychological level), 0.8470 (Jun 29 2010 low) and 0.8449 (Jul 7 2010 low). On the other hand, resistances are seen at 0.8617 (daily high), 0.866