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Forex: AUD/USD rejects 1.0425, back below 1.0400

FXstreet.com (San Francisco) - After rising around 55 pips from the 1.0370 in the early American morning, the AUD/USD traded above the 1.0400 area to test intra-day highs at 1.0425, but pair was unable to trade higher and the Aussie was rejected down. Currently the AUD/USD is trading below the 1.0400.

The AUD/USD is trading at this moment at 1.0395, 0.26% above opening price. The pair is slightly bullish according to the FXstreet.com trend index. Indicators such as CCI, Momentum and MACD are bullish while the Stochastic is pointing bearish in the 1-hour chart.

Supports are at 1.0390, 1.0365 and 1.0350. Resistances are at 1.0425, 1.0435 and 1.0450.

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