21 Jan 2015
AUD/USD bounces at 0.8075 and tests back 0.8100
FXStreet (San Francisco) - The Australian dollar is showing some signs of life against the US Dollar following a collapse of 150 pips from 0.8230 and after finding some buying interest at 0.8075.
The AUD/USD bounced off the 0.8075 and now it's testing the 0.8100 level. Currently, AUD/USD is trading at 0.8089, down 1.05% on the day, having posted a daily high at 0.8236 and low at 0.8078.
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair consolidates levels below 0.8100, it will find next supports at 0.8070 and 0.8050. To the upside, 0.8150 is the next resistances ahead of 0.8180 and 0.8230.
The AUD/USD bounced off the 0.8075 and now it's testing the 0.8100 level. Currently, AUD/USD is trading at 0.8089, down 1.05% on the day, having posted a daily high at 0.8236 and low at 0.8078.
The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.
AUD/USD levels
If the pair consolidates levels below 0.8100, it will find next supports at 0.8070 and 0.8050. To the upside, 0.8150 is the next resistances ahead of 0.8180 and 0.8230.