6 Jun 2013
AUD/USD regains 0.9500
FXstreet.com (Córdoba) - After falling to a fresh 20-month low of 0.9433, the Australian dollar managed to cut losses against the greenback, regaining the 0.9500 handle during the European session.
However, the recovery of the AUD/USD has been capped by the 0.9515 area, confining the cross to a phase of consolidation as investors wait for the ECB President press conference.
At time of writing, AUD/USD is trading at the 0.9510 zone, still down 0.3% on the day, with immediate resistances at 0.9515 and 0.9545 (daily high), while on the downside, supports are seen at 0.9433 (daily low) and 0.9400 (psychological level).
However, the recovery of the AUD/USD has been capped by the 0.9515 area, confining the cross to a phase of consolidation as investors wait for the ECB President press conference.
At time of writing, AUD/USD is trading at the 0.9510 zone, still down 0.3% on the day, with immediate resistances at 0.9515 and 0.9545 (daily high), while on the downside, supports are seen at 0.9433 (daily low) and 0.9400 (psychological level).