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7 Oct 2013
AUD/USD recovers ground
FXstreet.com (Córdoba) - Despite a limited setback seen during the Asian session, the AUD/USD remained supported Monday as uncertainty over the US shutdown continued to weigh on the greenback.
AUD/USD bounces from below 0.9400
The Australian dollar pulled back from a high of 0.9458 scored last week and briefly dipped below the 0.9400 mark before the setback was contained at 0.9378, roughly the same level it did Friday. At time of writing, AUD/USD is trading at the 0.9415/20 area, still 0.2% below its opening price, but holding in at relatively high levels.
AUD/USD technical levels
If the AUD/USD managed to erase intraday losses it could find immediate resistances at 0.9450/58 (Oct 7 & 4 highs) and then at 0.9500 (psychological level). On the flip side, supports might be faced at 0.9388 (daily low) and 0.9365 (Oct 3 low).
AUD/USD bounces from below 0.9400
The Australian dollar pulled back from a high of 0.9458 scored last week and briefly dipped below the 0.9400 mark before the setback was contained at 0.9378, roughly the same level it did Friday. At time of writing, AUD/USD is trading at the 0.9415/20 area, still 0.2% below its opening price, but holding in at relatively high levels.
AUD/USD technical levels
If the AUD/USD managed to erase intraday losses it could find immediate resistances at 0.9450/58 (Oct 7 & 4 highs) and then at 0.9500 (psychological level). On the flip side, supports might be faced at 0.9388 (daily low) and 0.9365 (Oct 3 low).