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6 Aug 2013
AUD/USD consolidates below 0.9000
FXstreet.com (Córdoba) - The AUD/USD gave up some ground at the beginning of the American session, as the USD strengthened against commodity currencies.
The AUD/USD found resistance at the 0.9000 psychological level ahead of the New York opening, and pulled back to settle in a tight range contained by the 20-hour SMA, as trading remains subdued in summer mode, and with most of the data already published.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.8950 area, where it is still up 0.4% on the day. In terms of technical levels, immediate supports could be found at the 0.8905/0.8900 area (daily low/psychological level) and 0.8850 (Aug 5 low). Meanwhile, resistances are seen at 0.9000 and 0.9030 (38.2% retracement of 0.9320-0.8848).
The AUD/USD found resistance at the 0.9000 psychological level ahead of the New York opening, and pulled back to settle in a tight range contained by the 20-hour SMA, as trading remains subdued in summer mode, and with most of the data already published.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.8950 area, where it is still up 0.4% on the day. In terms of technical levels, immediate supports could be found at the 0.8905/0.8900 area (daily low/psychological level) and 0.8850 (Aug 5 low). Meanwhile, resistances are seen at 0.9000 and 0.9030 (38.2% retracement of 0.9320-0.8848).