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14 Jan 2015
AUD/USD in recovery mode at 0.8170
FXStreet (Edinburgh) - The Aussie dollar is extending its rebound from levels below 0.8100 the figure, now lifting AUD/USD to the boundaries of 0.8170.
AUD/USD trims losses
Despite still trading in the red territory, the pair managed to almost fully recover the earlier pullback helped by the poor results from the US retail sales during December, dropping more than initially forecasted. AUD-bulls expect a good performance from tomorrow’s job report in Oz, looking to recover the levels back to Monday around 0.8250. “The current risk appetite/commodity environment may continue to cap the pair at around 0.8200 while 0.8100 is seen providing initial support on dips”, argued Emmanuel Ng, FX Strategist at OCBC Bank.
AUD/USD key levels
At the moment the pair is losing 0.05% at 0.8160 with the next support at 0.8033 (2015 low Jan.7) ahead of 0.8000 (low Jul 20. 2009) and then 0.7955 (low Jul.16 2009). On the other hand, the next resistance lines up at 0.8190 (hourly high Jan.14) followed by 0.8198 (high Jan.13) and finally 0.8206 (Kijun Sen).
AUD/USD trims losses
Despite still trading in the red territory, the pair managed to almost fully recover the earlier pullback helped by the poor results from the US retail sales during December, dropping more than initially forecasted. AUD-bulls expect a good performance from tomorrow’s job report in Oz, looking to recover the levels back to Monday around 0.8250. “The current risk appetite/commodity environment may continue to cap the pair at around 0.8200 while 0.8100 is seen providing initial support on dips”, argued Emmanuel Ng, FX Strategist at OCBC Bank.
AUD/USD key levels
At the moment the pair is losing 0.05% at 0.8160 with the next support at 0.8033 (2015 low Jan.7) ahead of 0.8000 (low Jul 20. 2009) and then 0.7955 (low Jul.16 2009). On the other hand, the next resistance lines up at 0.8190 (hourly high Jan.14) followed by 0.8198 (high Jan.13) and finally 0.8206 (Kijun Sen).