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31 Dec 2014
AUD/USD retraces from 12-days highs, back below 0.82 handle
FXStreet (Mumbai) - The Aussie ticks higher against the US dollar in the mid-Asian session, however, retreated from 12-day high levels at 0.8216 reached earlier in the session.
Currently, the AUD/USD pair traded at 0.8186 levels, up 0.68% on the day, having posted day’s low at 0.8178 some time ago. The Aussie advanced against the greenback largely due to rising gold prices which pushed down the US dollar in defence. The upside in AUD/USD was also seen on the back of cheerful Australia’s private sector credit data which came in line with market expectations and slightly higher-than estimates China’s manufacturing numbers which came in at 49.6 against the forecast of 49.5.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8205 (Dec 30 High) levels, above which gains could be extended to 0.8239 (Dec 17 High) levels. On the flip side, support is seen at 0.8159 (50-DMA) levels, from here it to 0.8141 (200-DMA) levels.
Currently, the AUD/USD pair traded at 0.8186 levels, up 0.68% on the day, having posted day’s low at 0.8178 some time ago. The Aussie advanced against the greenback largely due to rising gold prices which pushed down the US dollar in defence. The upside in AUD/USD was also seen on the back of cheerful Australia’s private sector credit data which came in line with market expectations and slightly higher-than estimates China’s manufacturing numbers which came in at 49.6 against the forecast of 49.5.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8205 (Dec 30 High) levels, above which gains could be extended to 0.8239 (Dec 17 High) levels. On the flip side, support is seen at 0.8159 (50-DMA) levels, from here it to 0.8141 (200-DMA) levels.