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Forex: AUD/USD remains capped by 1.0275

FXstreet.com (Córdoba) - Even though the aussie managed to bounce from a 6-week low versus the greenback, the recovery was capped by the 1.0270 zone during the American session, as the advance in stocks was not inspiring enough to propel a stronger comeback.

AUD/USD stalled at 1.0270, a few pips shy of its daily high of 1.0275, and has spent the last hours consolidating in a tight range, contained by 1.0245 on the downside. At time of writing, the pair is trading around 1.0250/55, where it is 0.2% below its opening price.

If the AUD/USD manages to rise beyond 1.0270/75, next resistances are seen at 1.0300 (psychological level) and 1.0308 (Apr 22 high).On the downside, if AUD/USD breaks decisively below 1.0220, next supports are seen at 1.0200 (psychological level) and 1.0185 (daily low Mar 5).

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