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10 Apr 2013
Forex: AUD/USD steadies below 1.0550
FXstreet.com (Córdoba) - After setting a fresh nearly 3-month high benefited by broad risk appetite, the AUD/USD entered in a consolidation phase while stocks also secure gains in Wall Street.
AUD/USD peaked at 1.0551 during the American session, but failed to break decisively above the 1.0550 resistance area and settled just below. At time of writing, AUD/USD is trading around 1.0540, where it posts a 0.5% gain.
As for technical levels, next resistance levels for the Aussie could be faced at 1.0550 (Apr 10 high), 1.0575 (Jan 23 high) and 1.0600 (psychological level). On the other hand, supports are seen at 1.0500 (psychological level), 1.0470 (intraday low) and 1.0440 (100-hour SMA).
AUD/USD peaked at 1.0551 during the American session, but failed to break decisively above the 1.0550 resistance area and settled just below. At time of writing, AUD/USD is trading around 1.0540, where it posts a 0.5% gain.
As for technical levels, next resistance levels for the Aussie could be faced at 1.0550 (Apr 10 high), 1.0575 (Jan 23 high) and 1.0600 (psychological level). On the other hand, supports are seen at 1.0500 (psychological level), 1.0470 (intraday low) and 1.0440 (100-hour SMA).