OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD rejected by 0.8825

FXStreet (Córdoba) - AUD/USD steadied around the 0.88 mark at the beginning of the American session following an upside attempt that was capped by the 0.8825 zone.

AUD/USD was supported by positive risk sentiment but the pair gave up gains as optimism faded over the last hours. AUD/USD slid to a low of 0.8888 before finding support and it was last trading nearly unchanged at the 0.8800 zone.

AUD/USD levels to watch

In terms of technical levels, AUD/USD could find immediate support levels at 0.8788 (intraday low), 0.8765 (21-day SMA) and 0.8718 (Oct 24 low). On the other hand, resistances are seen at 0.8823 (intraday high), 0.8859 (Oct 15 high) and 0.8900 (psychological level).

EUR/USD ready for 1.2700?

The single currency is gathering pace on Monday, lifting EUR/USD to another test of the 1.2685/90 band...
Read more Previous

Speculators reduce bearish bets on Oil, WTI falls below USD 80.00

The Commodity Futures Trading Commission (CFTC) data for the week ended Oct 21 showed that speculators reduced the bearish bets on Crude Oil.
Read more Next
Start livechat