30 Oct 2013
AUD/USD recovery capped by 0.9515
FXstreet.com (Córdoba) - After a nearly 300-pip slide from a 4-month high of 0.9757, the AUD/USD seems to have found an interim bottom at 0.9458 Wednesday and trimmed losses during the European session.
AUD/USD back above 0.9500
The AUD/USD bounced from 0.9458 (61.8% retracement of the 0.9280/0.9758 rally) and climbed back above 0.9500. However the recovery was capped by the 0.9515 area, confining the pair to a phase of consolidation in a tight range ahead of the Fed monetary policy decision. At time of writing, AUD/USD is trading at 0.9510, recording a 0.3% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistance levels at 0.9515 (daily high) and 0.9525 (21-day SMA) and 0.9560 (100-hour SMA). On the downside, supports are seen at 0.9458 (daily low) and 0.9423 (Oct 14 low).
AUD/USD back above 0.9500
The AUD/USD bounced from 0.9458 (61.8% retracement of the 0.9280/0.9758 rally) and climbed back above 0.9500. However the recovery was capped by the 0.9515 area, confining the pair to a phase of consolidation in a tight range ahead of the Fed monetary policy decision. At time of writing, AUD/USD is trading at 0.9510, recording a 0.3% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistance levels at 0.9515 (daily high) and 0.9525 (21-day SMA) and 0.9560 (100-hour SMA). On the downside, supports are seen at 0.9458 (daily low) and 0.9423 (Oct 14 low).