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Forex: AUD/USD hits 1-month low

FXstreet.com (Córdoba) - The Australian dollar extended its decline versus the greenback weighed by market's strong aversion for risk. After enjoying a recovery on Tuesday, AUD/USD came under renewed pressure and retraced its advance, breaking below the 1.0300 mark.

AUD/USD is currently trading around 1.0285 where it records a 1.0% loss on the day, having set a 1-month low of 1.0277 in recent lows.

As for technical levels, immediate supports are seen at 1.0266 (Mar 22 low) and 1.0200 (psychological level). On the other hand, resistances in case of bounces could be found at 1.0300, 1.0345 (intraday level) and 1.0375 (hourly highs Apr 17).

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