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May 27, 2013
AUD/USD consolidates at mid-range
FXstreet.com (Córdoba) - As most crosses in the FX market, the AUD/USD has spent the day oscillating within a narrow range given the lack of volume in the wake of UK and US holidays.
AUD/USD is currently trading at the 0.9630 zone, just a few pips below its opening price, having bounced from a low of 0.9614 and rejected from a high of 0.9665.
In terms of technical levels next supports could be found at 0.9614 (daily low) and 0.9600 (psychological level), while resistances might be found at 0.9665 (daily high) and 0.9700 (psychological level) ahead of 0.9740 (high May 24).
Meanwhile, the Australian dollar touched a 4-year low against its neighbor the Kiwi at the weekly opening. AUD/NZD hit a low of 1.1888, last seen January 2009, although it managed to recover some ground and currently trades at the 1.190 area.
AUD/USD is currently trading at the 0.9630 zone, just a few pips below its opening price, having bounced from a low of 0.9614 and rejected from a high of 0.9665.
In terms of technical levels next supports could be found at 0.9614 (daily low) and 0.9600 (psychological level), while resistances might be found at 0.9665 (daily high) and 0.9700 (psychological level) ahead of 0.9740 (high May 24).
Meanwhile, the Australian dollar touched a 4-year low against its neighbor the Kiwi at the weekly opening. AUD/NZD hit a low of 1.1888, last seen January 2009, although it managed to recover some ground and currently trades at the 1.190 area.