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19 Apr 2013
Forex: AUD/USD trims gains
FXstreet.com (Córdoba) - The Australian dollar is giving up gains at the beginning of the New York session as risk appetite ebbed and stocks turned negative in Wall Street.
AUD/USD was rejected from the 1.0360 area and having dropped over 50 pips within the last hours it hit a low of 1.0306 in recent dealings. AUD/USD is currently trading around 1.0310/15, still 0.1% above its opening price.
As for technical levels, below the 1.0310/00 region, next supports could be found at 1.0280 (daily low) followed by 1.0268 (low Apr 18). On the other hand, resistances might be encountered at 1.0357 (daily high), 1.0395 (high Apr 16/200-day SMA) and 1.0410 (100-day SMA).
AUD/USD was rejected from the 1.0360 area and having dropped over 50 pips within the last hours it hit a low of 1.0306 in recent dealings. AUD/USD is currently trading around 1.0310/15, still 0.1% above its opening price.
As for technical levels, below the 1.0310/00 region, next supports could be found at 1.0280 (daily low) followed by 1.0268 (low Apr 18). On the other hand, resistances might be encountered at 1.0357 (daily high), 1.0395 (high Apr 16/200-day SMA) and 1.0410 (100-day SMA).