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10 Mar 2014
AUD/USD consolidates above 0.9000
FXStreet (Córdoba) - After opening the day lower, the AUD/USD managed to fill the gap and entered a consolidation phase above the 0.9000 level.
The AUD/USD reached a 2014 high of 0.9132 Friday but retreated after a better-than-expected US nonfarm payrolls report and closed the week below 0.9100. In the absence of news or events, the pair has spent Monday consolidating in a range, unable to set a fresh direction.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.9040 area, virtually unchanged since opening, with immediate resistances at 0.9062 (Mar 10 high), 0.9083 (100-day SMA) and 0.9100 (psychological level. On the other hand, supports are seen at 0.9022 (Mar 10 low) and 0.9000, psychological level reinforced by the 21-day SMA.
The AUD/USD reached a 2014 high of 0.9132 Friday but retreated after a better-than-expected US nonfarm payrolls report and closed the week below 0.9100. In the absence of news or events, the pair has spent Monday consolidating in a range, unable to set a fresh direction.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.9040 area, virtually unchanged since opening, with immediate resistances at 0.9062 (Mar 10 high), 0.9083 (100-day SMA) and 0.9100 (psychological level. On the other hand, supports are seen at 0.9022 (Mar 10 low) and 0.9000, psychological level reinforced by the 21-day SMA.