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31 Dec 2014
AUD/USD attempts to regain 0.8200
FXStreet (Córdoba) - AUD/USD came back from a 2-week high scored during the Asian session on the back of the HSBC manufacturing PMI slightly beating expectations (49.6 vs 49.5).
AUD/USD climbed to a high of 0.8215 but found resistance at the 20-day SMA and pulled back below 0.8200, stretching to a daily low of 0.8175 before finding support. At time of writing, Aussie is trading at the 0.8195/0.8200 area, recording a 0.24% gain on the day.
The Australian dollar is staging a recovery from a 4 ½-year low scored at 0.8087 before Christmas. Still, AUD/USD is headed to post its second monthly loss in a row and on track to close 2014 8% below its opening price.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.8215/17 (daily high/21-day SMA), 0.8235 (Dec 17 high) and 0.8273 (Dec 16 high). On the flip side, supports are now seen at 0.8175 (daily low), 0.8138 (10-day SMA) and 0.8121 (Dec 30 low).
AUD/USD climbed to a high of 0.8215 but found resistance at the 20-day SMA and pulled back below 0.8200, stretching to a daily low of 0.8175 before finding support. At time of writing, Aussie is trading at the 0.8195/0.8200 area, recording a 0.24% gain on the day.
The Australian dollar is staging a recovery from a 4 ½-year low scored at 0.8087 before Christmas. Still, AUD/USD is headed to post its second monthly loss in a row and on track to close 2014 8% below its opening price.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.8215/17 (daily high/21-day SMA), 0.8235 (Dec 17 high) and 0.8273 (Dec 16 high). On the flip side, supports are now seen at 0.8175 (daily low), 0.8138 (10-day SMA) and 0.8121 (Dec 30 low).