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18 Apr 2014
AUD/USD flat on the day, headed for weekly losses
FXStreet (Córdoba) - As most crosses in the FX market, the AUD/USD has spent the day in quiet consolidation amid thin volume and lack of interest.
The AUD/USD was confined to a range and has moved within a 20-pip range within 0.9320 and 0.9340. At time of writing, the AUD/USD is trading at 0.9333, virtually unchanged on the day but on track to close with a 0.56% weekly loss, the first decline in 5 weeks.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find immediate supports at 0.9320 (Apr 18 low), 0.9300 (psychological level) and 0.9285 (20-day SMA), while resistances are seen at 0.9339 (Apr 18 high) and 0.9365 (100-hour SMA) and 0.9389 (Apr 17 high).
The AUD/USD was confined to a range and has moved within a 20-pip range within 0.9320 and 0.9340. At time of writing, the AUD/USD is trading at 0.9333, virtually unchanged on the day but on track to close with a 0.56% weekly loss, the first decline in 5 weeks.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find immediate supports at 0.9320 (Apr 18 low), 0.9300 (psychological level) and 0.9285 (20-day SMA), while resistances are seen at 0.9339 (Apr 18 high) and 0.9365 (100-hour SMA) and 0.9389 (Apr 17 high).