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7 Jan 2015
AUD/USD stabilizes below 0.8100
FXStreet (Córdoba) - AUD/USD has entered a sideways phase below 0.8100 Wednesday as investors cautiously await the Federal Reserve latest meeting minutes to be released during the American afternoon.
AUD/USD steadied in a slim range after an up and down journey over the last days from a fresh 4 ½-year low of 0.8035 Monday to a high of 0.8157 Tuesday and back below 0.8100 today. The Australian dollar has traded directionless within 0.8050-0.8080 today and it is presently at 0.8075, 0.1% below its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate supports at 0.8050 (daily low) and 0.8035 (Jan 5 low) ahead of 0.8000 (psychological level). On the other hand, resistances are seen at 0.8080 (daily high), 0.8100/06 (psychological level/Jan 5 high) and 0.8157 (Jan 6 high).
AUD/USD steadied in a slim range after an up and down journey over the last days from a fresh 4 ½-year low of 0.8035 Monday to a high of 0.8157 Tuesday and back below 0.8100 today. The Australian dollar has traded directionless within 0.8050-0.8080 today and it is presently at 0.8075, 0.1% below its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate supports at 0.8050 (daily low) and 0.8035 (Jan 5 low) ahead of 0.8000 (psychological level). On the other hand, resistances are seen at 0.8080 (daily high), 0.8100/06 (psychological level/Jan 5 high) and 0.8157 (Jan 6 high).