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16 Apr 2014
AUD/USD turns flat
FXStreet (Córdoba) - The AUD/USD is back at square one ahead of the New York opening following volatile moves during the previous sessions.
The Aussie failed to benefit from the improvement in market sentiment and upbeat Chinese data and was left in a range capped by the 0.9380 area on the upside. The AUD/USD peaked at 0.9378 but lost momentum and slid back to the 0.9340 zone most recently. At time of writing, the AUD/USD is trading at 0.9360, virtually unchanged on the day.
In the macroeconomic domain, the Australian March Westpac Leading Index was flat (–0.1% prior). During the New York session, the US will release housing and industrial output data.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9378 (Apr 16 high), 0.9390 (100-hour SMA) and 0.9400 (psychological level). On the other hand, supports are seen at 0.9331 (Apr 16 low), 0.9300 (psychological level) and 0.9269 (20-day SMA).
The Aussie failed to benefit from the improvement in market sentiment and upbeat Chinese data and was left in a range capped by the 0.9380 area on the upside. The AUD/USD peaked at 0.9378 but lost momentum and slid back to the 0.9340 zone most recently. At time of writing, the AUD/USD is trading at 0.9360, virtually unchanged on the day.
In the macroeconomic domain, the Australian March Westpac Leading Index was flat (–0.1% prior). During the New York session, the US will release housing and industrial output data.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9378 (Apr 16 high), 0.9390 (100-hour SMA) and 0.9400 (psychological level). On the other hand, supports are seen at 0.9331 (Apr 16 low), 0.9300 (psychological level) and 0.9269 (20-day SMA).