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17 Apr 2014
AUD/USD pressuring against daily lows
FXStreet (Córdoba) - The Australian dollar is trading on the defensive Thursday, with the AUD/USD having lost nearly half a cent from Asian session highs.
The AUD/USD is currently threatening daily lows, weighed by gold and stocks pullback. However, the downside remains contained by the 0.9335 area, with the Aussie having printed a low of 0.9336 so far and could remain that way as stocks begin to recover.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.9340 zone, recording a 0.29% loss on the day, with next supports lining up at 0.9331 (Apr 16 low) and 0.9300 (psychological level) ahead of 0.9286 (20-day SMA). On the other hand, resistances are seen at 0.9389 (Apr 17 high), 0.9423 (Apr 15 high) and 0.9460 (Apr 10 high).
The AUD/USD is currently threatening daily lows, weighed by gold and stocks pullback. However, the downside remains contained by the 0.9335 area, with the Aussie having printed a low of 0.9336 so far and could remain that way as stocks begin to recover.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.9340 zone, recording a 0.29% loss on the day, with next supports lining up at 0.9331 (Apr 16 low) and 0.9300 (psychological level) ahead of 0.9286 (20-day SMA). On the other hand, resistances are seen at 0.9389 (Apr 17 high), 0.9423 (Apr 15 high) and 0.9460 (Apr 10 high).