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30 Sep 2013
AUD/USD recovery capped by 0.9336
FXstreet.com (Córdoba) - The AUD/USD managed to recover after hitting a 2-week low at the opening in the wake of r China HSBC manufacturing PMI downward revision to 50.2.
However, concerns over a government shutdown in US as the deadline looms put the greenback under pressure, allowing the Aussie to regain ground afterwards. AUD/USD climbed toward a daily high of 0.9336 but lacked momentum to rise beyond that level and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9325 zone, still 0.2% above its opening price.
AUD/USD levels to watch
As for technical levels, AUD/USD immediate resistances are seen at 0.9335 (daily high) and 0.9390 (10-day SMA) and 0.9456 (Sep 23 high). On the other hand, supports could be found at 0.9280 (daily low) and 0.9223 (Sep 13 low).
However, concerns over a government shutdown in US as the deadline looms put the greenback under pressure, allowing the Aussie to regain ground afterwards. AUD/USD climbed toward a daily high of 0.9336 but lacked momentum to rise beyond that level and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9325 zone, still 0.2% above its opening price.
AUD/USD levels to watch
As for technical levels, AUD/USD immediate resistances are seen at 0.9335 (daily high) and 0.9390 (10-day SMA) and 0.9456 (Sep 23 high). On the other hand, supports could be found at 0.9280 (daily low) and 0.9223 (Sep 13 low).