27 Jun 2013
AUD/USD hovering over 0.9300
FXstreet.com (Córdoba) - The AUD/USD continues to trade around 0.9300 at the beginning of the New York session with the latest string of US data having little impact on the pair.
AUD/USD rose to the 0.9325/30 area after the data, but momentum was short-lived, with the pair quickly returning to the 0.9300 area. At time of writing, AUD/USD is trading around 0.9305, where it records a 0.3% gain on Thursday.
AUD/USD in consolidation after scoring nearly 3-year low
The AUD/USD has spent the last sessions sideways within 0.9200 and 0.9350, unable to set a fresh direction after hitting a nearly 3-year low of 0.9147 on Monday.
In terms of technical levels, immediate resistances could be found at 0.9330 (200-hour SMA) and 0.9345 (Jun 26 high), while supports are seen at 0.9255 (100-hour SMA) and 0.9230 (Jun 26 low).
AUD/USD rose to the 0.9325/30 area after the data, but momentum was short-lived, with the pair quickly returning to the 0.9300 area. At time of writing, AUD/USD is trading around 0.9305, where it records a 0.3% gain on Thursday.
AUD/USD in consolidation after scoring nearly 3-year low
The AUD/USD has spent the last sessions sideways within 0.9200 and 0.9350, unable to set a fresh direction after hitting a nearly 3-year low of 0.9147 on Monday.
In terms of technical levels, immediate resistances could be found at 0.9330 (200-hour SMA) and 0.9345 (Jun 26 high), while supports are seen at 0.9255 (100-hour SMA) and 0.9230 (Jun 26 low).