21 Jan 2015
AUD/USD rejected at 50-DMA
FXStreet (Mumbai) - The AUD/USD pair has rejected most of its gains after being rejected at the 50-DMA located at 0.8229 levels.
The pair now trades 0.14% higher for the day at 0.8182 levels. The sell-off from the 50-DMA at 0.8229 has pushed the pair below the 5-DMA and the 10-DMa level located at 0.8197 and 0.8188 levels respectively. Moreover, the Aussie had gained after the Westpac Banking Corporation said that consumer sentiment rose to 2.4% this month, after a 5.7% decline in December. However, weaker commodity prices may have weighed over the Aussie capping it gains at the 50-DMA.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8197 (10-DMA), above which the pair could re-test the 50-DMA located at 0.8229 levels. Meanwhile, support is seen at 0.8161 and 0.8139 levels.
The pair now trades 0.14% higher for the day at 0.8182 levels. The sell-off from the 50-DMA at 0.8229 has pushed the pair below the 5-DMA and the 10-DMa level located at 0.8197 and 0.8188 levels respectively. Moreover, the Aussie had gained after the Westpac Banking Corporation said that consumer sentiment rose to 2.4% this month, after a 5.7% decline in December. However, weaker commodity prices may have weighed over the Aussie capping it gains at the 50-DMA.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8197 (10-DMA), above which the pair could re-test the 50-DMA located at 0.8229 levels. Meanwhile, support is seen at 0.8161 and 0.8139 levels.