16 Jun 2015
AUD/USD slightly down, limited by 100-day SMA
FXStreet (Córdoba) - AUD/USD trades slightly down on the day amid quiet markets ahead of the key risk event of the week, the FOMC meeting tomorrow.
AUD/USD pulled back from the 100-day SMA at the 0.7780 zone and even though the downside was contained by the 0.7720 area during the European session, the Aussie failed to gather enough strength to turn around losses. At time of writing, AUD/USD is trading at 0.7740, down 0.29% on the day.
AUD/USD technical levels
As for technical levels, immediate resistances are seen at 0.7776/79 (100-day SMA/Jun 16 high), 0.7792 (Jun 11 high) and 0.7818 (Jun 3 high). On the flip side, supports could be found at 0.7721 (Jun 16 low), 0.7703/00 (Jun 15 low/psychological level) and 0.7677 (Jun 12 low).
AUD/USD pulled back from the 100-day SMA at the 0.7780 zone and even though the downside was contained by the 0.7720 area during the European session, the Aussie failed to gather enough strength to turn around losses. At time of writing, AUD/USD is trading at 0.7740, down 0.29% on the day.
AUD/USD technical levels
As for technical levels, immediate resistances are seen at 0.7776/79 (100-day SMA/Jun 16 high), 0.7792 (Jun 11 high) and 0.7818 (Jun 3 high). On the flip side, supports could be found at 0.7721 (Jun 16 low), 0.7703/00 (Jun 15 low/psychological level) and 0.7677 (Jun 12 low).