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29 Dec 2014
AUD/USD attempting to stablise on 0.81 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.8147, up 0.34% on the day, having posted a daily high at 0.8165 and low at 0.8110.
AUD/USD is attempting to stablise still and has been left in familiar ranges on the open of this week with a slight bullish bias. The pair has met supply on attempts to the upside and is blocked at 0.8160 resistance again. To the downside, and along with a strong greenback, below the recent lows in 0.8080 lies the 2010 low at 0.8068 ahead of a long-term double Fibonacci support at 0.7950/30.
Karen Jones, chief analyst at Commerzbank, explained that there are major levels of support for the market and she said she would expect to see signs of recovery down here. “We note the 13 count on the weekly chart and the weekly RSI is down…if short we would tighten stops”.
AUD/USD is attempting to stablise still and has been left in familiar ranges on the open of this week with a slight bullish bias. The pair has met supply on attempts to the upside and is blocked at 0.8160 resistance again. To the downside, and along with a strong greenback, below the recent lows in 0.8080 lies the 2010 low at 0.8068 ahead of a long-term double Fibonacci support at 0.7950/30.
Karen Jones, chief analyst at Commerzbank, explained that there are major levels of support for the market and she said she would expect to see signs of recovery down here. “We note the 13 count on the weekly chart and the weekly RSI is down…if short we would tighten stops”.