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4 Jun 2013
AUD/USD prints fresh daily low
FXstreet.com (Córdoba) - The Australian dollar continues to consolidate losses versus the greenback as lower-than-expected US trade deficit gave the USD a mild boost.
AUD/USD dipped to a marginal new low of 0.9645 but the greenback lacked momentum to decisively break below that level. At time of writing, AUD/USD is trading around 0.9660, where it posts a 1.1% loss on the day.
The AUD/USD weakened during the European session after showing little reaction earlier when the RBA left rates on hold.
In terms of technical levels, next supports could be faced at 0.9645 (daily low) and 0.9600 (psychological level), while resistances are seen at 0.9685 and 0.9735 (intraday levels).
AUD/USD dipped to a marginal new low of 0.9645 but the greenback lacked momentum to decisively break below that level. At time of writing, AUD/USD is trading around 0.9660, where it posts a 1.1% loss on the day.
The AUD/USD weakened during the European session after showing little reaction earlier when the RBA left rates on hold.
In terms of technical levels, next supports could be faced at 0.9645 (daily low) and 0.9600 (psychological level), while resistances are seen at 0.9685 and 0.9735 (intraday levels).