Forex: AUD/USD holding steady above 1.0350

FXstreet.com (Barcelona) - AUD/USD is last at 1.0368, little changed for last 12 hours as it retraced from weekly highs at 1.0410 during early London trade. The pair hasn't been able to move higher from previous weekly close Friday, though it remains relatively strong given most of the weakness for the shortest term goes to Euro, sending EUR/AUD to fresh 3-month lows around the 1.2400 handle.

“Seems Aussie has become a much more attractive high yielder, and buying interest is strong,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Flat in the short term, at least from a technical point of view, price continues to be trapped in the 1.0330/1.0410 area, the extremes to beat to set a clearer trend,” she concludes.

Valeria finds support levels at: 1.0360, 1.0330 and 1.0300, while resistance levels at: 1.0410, 1.0440 and 1.0490.