22 Dec 2014
AUD/USD fails to sustain intraday gains
FXStreet (Córdoba) - AUD/USD trades little changed on the day after a timid upside attempt was capped by the 100-hour SMA amid thin volume ahead of Christmas.
The Australian dollar was supported by a rise in stocks and reached a daily high of 0.8172 before finding resistance. However, with the subsequent pullback being contained by 0.8135, the AUD/USD was confined to a phase of consolidation. At time of writing, AUD/USD is trading at 0.8147, virtually unchanged on the day.
AUD/USD levels to watch
As for technical levels, AUD/USD could find immediate resistances at 0.8171 (100-hour SMA), 0.8191 (Dec 19 high) and 0.8200/02 (psychological level/Dec 18 high). On the other hand, supports are seen at 0.8120 (Dec 19 low) and 0.8107 (2014 low Dec 17).
The Australian dollar was supported by a rise in stocks and reached a daily high of 0.8172 before finding resistance. However, with the subsequent pullback being contained by 0.8135, the AUD/USD was confined to a phase of consolidation. At time of writing, AUD/USD is trading at 0.8147, virtually unchanged on the day.
AUD/USD levels to watch
As for technical levels, AUD/USD could find immediate resistances at 0.8171 (100-hour SMA), 0.8191 (Dec 19 high) and 0.8200/02 (psychological level/Dec 18 high). On the other hand, supports are seen at 0.8120 (Dec 19 low) and 0.8107 (2014 low Dec 17).