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24 Dec 2014
AUD/USD ends three-day fall
FXStreet (Mumbai) - The AUD/USD pair advanced after posting losses for the three consecutive sessions on an increased probability of a sooner-than-expected policy tightening in the US.
The pair currently trades 0.15% higher at 0.8114 levels, compared to the previous session’s close of 0.8104 levels. The minor gains amid lackluster trading ahead of the Christmas holiday may have been due to a slight weakness in the US Treasury yields. Moreover, the pair has also faced rejection at the 5-DMA levels in the last three trading sessions.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8130 (5-DMA), above which gains could be extended to 0.8171 (10-DMA). Meanwhile, support is seen at 8087 and 0.8050 levels.
The pair currently trades 0.15% higher at 0.8114 levels, compared to the previous session’s close of 0.8104 levels. The minor gains amid lackluster trading ahead of the Christmas holiday may have been due to a slight weakness in the US Treasury yields. Moreover, the pair has also faced rejection at the 5-DMA levels in the last three trading sessions.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8130 (5-DMA), above which gains could be extended to 0.8171 (10-DMA). Meanwhile, support is seen at 8087 and 0.8050 levels.