25 Mar 2015
AUD/USD fails to hold above 0.7900
FXStreet (Córdoba) - AUD/USD reached hours ago a daily high at 0.7904 but turned to the downside. During the American session the US dollar gained momentum across the board and AUD/USD dropped to 0.7827, reaching the lowest level since Monday.
The pair continues to trade around 0.7850, consolidating after rallying from 0.7585 (Mar 18 low) to 0.7938 (Mar 24 high).
AUD/USD technical levels
To the upside, resistance levels could be located at 0.7905/10 (daily high), 0.7935/40 (Mar 24 high) and 0.8000. On the opposite direction support might lie at 0.7800, 0.7760 (Mar 23 low) and 0.7735 (Feb 24 low, Mar 12 high).
The pair continues to trade around 0.7850, consolidating after rallying from 0.7585 (Mar 18 low) to 0.7938 (Mar 24 high).
AUD/USD technical levels
To the upside, resistance levels could be located at 0.7905/10 (daily high), 0.7935/40 (Mar 24 high) and 0.8000. On the opposite direction support might lie at 0.7800, 0.7760 (Mar 23 low) and 0.7735 (Feb 24 low, Mar 12 high).