19 Feb 2015
AUD/USD trims losses after S&P officially denies of Oz rating downgrade warning
FXStreet (Mumbai) - AUD/USD wavered around 0.7800 levels ahead of Europe open, recovering partial losses from S&P’s warning of Oz credit rating downgrade news as S&P denied in its official comments issued about any such warning.
AUD/USD rises from 0.7786 levels
Currently, the AUD/USD trades lower by -0.11% at 07802 levels, recovering from session lows of 0.7786 levels posted after S&P warning news. AUD/USD gave back losses and traded unchanged after S&P issued official comments denying any such warning as reported by WSJ and stated that "Overall view on Australia's AAA rating hasn't changed." "Doesn't see large risk of rating change over next 2 years."
Earlier in the session, AUD/USD slumped to session lows below 0.78 threshold after WSJ reported warning about the risks of Australia’s rating downgrade by S&P.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7880 levels, above which gains could be extended to 0.7907 levels. On the flip side, support is seen at 0.7786 from here it to 0.7745 levels.
AUD/USD rises from 0.7786 levels
Currently, the AUD/USD trades lower by -0.11% at 07802 levels, recovering from session lows of 0.7786 levels posted after S&P warning news. AUD/USD gave back losses and traded unchanged after S&P issued official comments denying any such warning as reported by WSJ and stated that "Overall view on Australia's AAA rating hasn't changed." "Doesn't see large risk of rating change over next 2 years."
Earlier in the session, AUD/USD slumped to session lows below 0.78 threshold after WSJ reported warning about the risks of Australia’s rating downgrade by S&P.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7880 levels, above which gains could be extended to 0.7907 levels. On the flip side, support is seen at 0.7786 from here it to 0.7745 levels.