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19 Mar 2015
AUD/USD: Trades towards key 0.7615 support
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7620 with a high of 0.7810 and a low of 0.7616.
AUD/USD has pulled back from the highs and the greenback is taking the market on again after yesterdays punishment from across the board of its counterparts when the FOMC came across dovish. The pair now trades back below where the 100/200 hr MA meet and threatens the 0.76 handle if 0.7615 gives.
EUR has been the lead in the reverse that started in Asia but really took a hold when European markets opened. The Aussie has had an opportunity on the upside but downside levels come back into mind and the is market capable of sliding to the base of the 2 year down channel at 0.7528, as suggested by Karen Jones, chief analyst at Commerzbank, She said they would expect to see this hold the initial test.
AUD/USD has pulled back from the highs and the greenback is taking the market on again after yesterdays punishment from across the board of its counterparts when the FOMC came across dovish. The pair now trades back below where the 100/200 hr MA meet and threatens the 0.76 handle if 0.7615 gives.
EUR has been the lead in the reverse that started in Asia but really took a hold when European markets opened. The Aussie has had an opportunity on the upside but downside levels come back into mind and the is market capable of sliding to the base of the 2 year down channel at 0.7528, as suggested by Karen Jones, chief analyst at Commerzbank, She said they would expect to see this hold the initial test.