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5 Mar 2013
Forex: AUD/USD holds above 1.0200
The Aussie dollar extended its recovery versus the greenback from multi-month lows after the RBA decided to keep its monetary policy unchanged during the Asian session. However, the rally was capped by the 1.0250 area, forcing AUD/USD to retrace gains.
AUD/USD pulled back toward the 1.0215 zone before finding support and it is currently trading around 1.0220/25, still up 0.3% on the day.
In terms of technical levels, on the downside, AUD/USD could found immediate supports at 1.0200 (psychological level), 1.0180 (lows Feb 27/Mar 1) and 1.0115 (low Mar 4). On the upside, resistances are now seen at 1.0250 (intraday high) and 1.0290 (high Feb 28).
AUD/USD pulled back toward the 1.0215 zone before finding support and it is currently trading around 1.0220/25, still up 0.3% on the day.
In terms of technical levels, on the downside, AUD/USD could found immediate supports at 1.0200 (psychological level), 1.0180 (lows Feb 27/Mar 1) and 1.0115 (low Mar 4). On the upside, resistances are now seen at 1.0250 (intraday high) and 1.0290 (high Feb 28).