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14 Nov 2013
AUD/USD dips below 0.9300
FXstreet.com (Córdoba) - The AUD/USD came under pressure and has already reversed yesterday's gains after finding resistance at the 0.9385 zone during the Asian session.
The AUD/USD failed to extend its recovery beyond 0.9385 and came under pressure, sliding all the way back below 0.9300 to a daily low of 0.9280. The AUD/USD however, managed to hold above this week's low of 0.9269 and it is currently trading at the 0.9290 zone, recording a 0.7% gain Thursday after climbing 0.6% the previous day.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks below 0.9280, next supports are seen at 0.9269/66 (Nov 12 low/100-day SMA) and 0.9225 (Sep 12 low). On the upside, resistances could be found at 0.9385 (daily high), 0.9400 (psychological level) and 0.9412 (10-day SMA).
The AUD/USD failed to extend its recovery beyond 0.9385 and came under pressure, sliding all the way back below 0.9300 to a daily low of 0.9280. The AUD/USD however, managed to hold above this week's low of 0.9269 and it is currently trading at the 0.9290 zone, recording a 0.7% gain Thursday after climbing 0.6% the previous day.
AUD/USD technical levels
In terms of technical levels, if the AUD/USD breaks below 0.9280, next supports are seen at 0.9269/66 (Nov 12 low/100-day SMA) and 0.9225 (Sep 12 low). On the upside, resistances could be found at 0.9385 (daily high), 0.9400 (psychological level) and 0.9412 (10-day SMA).