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9 Dec 2014
AUD/USD rejects 0.8370 and trades back to 0.8300
FXStreet (San Francisco) - After recovering from the lowest since June 2010 at 0.8220, AUD/USD found a selling interest at 0.8370 that sent the pair back to trade at 0.8300 area.
Currently, AUD/USD is trading at 0.8309, up 0.22% on the day, having posted a daily high at 0.8373 and low at 0.8224. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
The Aussie took advantage of the previous weakness of the dollar; however, the greenback is back again and is recovering round across the board.
Below the 0.8300 level, the pair will find next supports at 0.8260 and 0.8220. To the upside, resistances are at 0.8370, 0.8400 and 0.8420.
Currently, AUD/USD is trading at 0.8309, up 0.22% on the day, having posted a daily high at 0.8373 and low at 0.8224. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
The Aussie took advantage of the previous weakness of the dollar; however, the greenback is back again and is recovering round across the board.
Below the 0.8300 level, the pair will find next supports at 0.8260 and 0.8220. To the upside, resistances are at 0.8370, 0.8400 and 0.8420.