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19 Dec 2013
AUD/USD consolidates near 3-year lows
FXstreet.com (Córdoba) - The AUD/USD has enjoyed a day of consolidation Thursday after hitting a 3-year low of 0.8820 the previous day.
The AUD/USD rebounded from the 0.8820 area but with the subsequent bounce capped by the 0.8875 zone, the pair was confined to a phase of consolidation. At time of writing, the pair is trading at the 0.8850 area, flat on the day. From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that the AUD/USD maintains the bearish tone despite having shown little progress today.
AUD/USD technical levels
As for technical levels, immediate supports for AUD/USD are seen at 0.8820, 0.8800 and 0.8769 (Aug 25 2010 low). On the other hand, resistances levels are now seen at 0.8875 (daily high), 0.8900 (psychological level) and 0.8943 (Dec 18 high).
The AUD/USD rebounded from the 0.8820 area but with the subsequent bounce capped by the 0.8875 zone, the pair was confined to a phase of consolidation. At time of writing, the pair is trading at the 0.8850 area, flat on the day. From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that the AUD/USD maintains the bearish tone despite having shown little progress today.
AUD/USD technical levels
As for technical levels, immediate supports for AUD/USD are seen at 0.8820, 0.8800 and 0.8769 (Aug 25 2010 low). On the other hand, resistances levels are now seen at 0.8875 (daily high), 0.8900 (psychological level) and 0.8943 (Dec 18 high).