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31 Oct 2014
AUD/USD erases daily losses
FXStreet (Córdoba) - AUD/USD managed to reverse early losses, incurred on the back of BoJ shock, and is back trading at the 0.8830 area, virtually unchanged from yesterday’s close.
In the absence of catalysts over the last sessions, AUD/USD has entered a phase of consolidation after the hawkish FOMC statement and ahead of the RBA decision next Tuesday. AUD/USD remains short-term directionless, trading little changed on the day, with the downside contained by 0.8750 and the upside capped by 0.8850.
AUD/USD levels to watch
As for technical levels, next resistances are seen at 0.8850 (daily high),0.8883 (Oct 28 high) and 0.8910 (Oct 29 high). On the flip side, supports are seen at 0.8785 (daily low), 0.8755 (Oct 30 low) and 0.8718 (Oct 24 low).
In the absence of catalysts over the last sessions, AUD/USD has entered a phase of consolidation after the hawkish FOMC statement and ahead of the RBA decision next Tuesday. AUD/USD remains short-term directionless, trading little changed on the day, with the downside contained by 0.8750 and the upside capped by 0.8850.
AUD/USD levels to watch
As for technical levels, next resistances are seen at 0.8850 (daily high),0.8883 (Oct 28 high) and 0.8910 (Oct 29 high). On the flip side, supports are seen at 0.8785 (daily low), 0.8755 (Oct 30 low) and 0.8718 (Oct 24 low).