Back
27 Jan 2015
AUD/USD recovery falters ahead of 0.8000
FXStreet (Córdoba) - AUD/USD failed to benefit from a weaker greenback and to extend gains during the American session as speculations the RBA could announce a rate cut next week have kept the Aussie undermined near multi-year lows.
The Australian dollar extended its recovery into a second day and peaked at 0.7975, but unlike other major peers, it failed to secure big gains against the greenback. Having pulled back from highs, AUD/USD is currently trading at 0.7935, still up 0.15% on the day.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances at 0.7975 (daily high) and 0.8000 (psychological level). On the other hand, supports are seen at 0.7905 (daily low) and 0.7880 (Jan 23 low) ahead of 0.7857 (5 ½-year low Jan 26).
The Australian dollar extended its recovery into a second day and peaked at 0.7975, but unlike other major peers, it failed to secure big gains against the greenback. Having pulled back from highs, AUD/USD is currently trading at 0.7935, still up 0.15% on the day.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances at 0.7975 (daily high) and 0.8000 (psychological level). On the other hand, supports are seen at 0.7905 (daily low) and 0.7880 (Jan 23 low) ahead of 0.7857 (5 ½-year low Jan 26).