20 Mar 2014
AUD/USD erases intraday losses during the NY session
FXStreet (Córdoba) - The AUD/USD managed to erase intraday losses during the American session underpinned by the comeback of stocks following a negative start.
The AUD/USD briefly dropped below the 0.9000 psychological mark and bottomed out at 0.8994, roughly at the same level it did 3 days ago. However, the Aussie found buyers below 0.9000 and climbed more than half a cent throughout the American session reaching a daily high of 0.9050 as the greenback pauses its post-FOMC rally. The Conference Board will release the Australian leading index for January at 23:00GMT which will be the highlight of the Asian session.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.9040 zone, virtually unchanged on the day with immediate resistances at 0.9050 (Mar 20 high), 0.9070 (100-hour SMA) and 0.9100 (psychological level). On the flip side, supports are seen at 0.8994 (Mar 20 low), 0.8940 (50-day SMA) and 0.8900 (psychological level).
The AUD/USD briefly dropped below the 0.9000 psychological mark and bottomed out at 0.8994, roughly at the same level it did 3 days ago. However, the Aussie found buyers below 0.9000 and climbed more than half a cent throughout the American session reaching a daily high of 0.9050 as the greenback pauses its post-FOMC rally. The Conference Board will release the Australian leading index for January at 23:00GMT which will be the highlight of the Asian session.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.9040 zone, virtually unchanged on the day with immediate resistances at 0.9050 (Mar 20 high), 0.9070 (100-hour SMA) and 0.9100 (psychological level). On the flip side, supports are seen at 0.8994 (Mar 20 low), 0.8940 (50-day SMA) and 0.8900 (psychological level).