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13 Feb 2013
Forex: AUD/USD steady after US data
After being rejected from the 1.0360 area, the Australian dollar slid toward the 1.0315 zone before settling within a range versus the greenback.
AUD/USD has continued to trade in between 1.0315/1.0350 even after the release of US retail sales, which came in mainly in line with expectations. At time of writing, AUD/USD is trading around 1.0340/45, still up 0.4% on the day.
As for technical levels, immediate supports could be found at 1.0300/10, 1.0250 (low Feb 8) and 1.0225 (low Feb 12). On the upside, if the pair manages to break above 1.0360/75, next resistances are seen at 1.0400 (psychological level/100-day SMA) and 1.0455 (high Feb 5).
AUD/USD has continued to trade in between 1.0315/1.0350 even after the release of US retail sales, which came in mainly in line with expectations. At time of writing, AUD/USD is trading around 1.0340/45, still up 0.4% on the day.
As for technical levels, immediate supports could be found at 1.0300/10, 1.0250 (low Feb 8) and 1.0225 (low Feb 12). On the upside, if the pair manages to break above 1.0360/75, next resistances are seen at 1.0400 (psychological level/100-day SMA) and 1.0455 (high Feb 5).