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13 Nov 2014
AUD/USD recovery falters
FXStreet (Córdoba) - AUD/USD managed to shrug-off RBA official comments, saying the bank hasn’t ruled out intervention, and recovered from below 0.8700 during the European session.
AUD/USD climbed to its highest level in 2 weeks at 0.8763 but lost momentum and in the absence of drivers, it settled in a slim range, contained by 0.8730. At time of writing, AUD/USD is trading at 0.8740, recording a 0.27% gain on the day.
AUD/USD levels to watch
In terms of technical levels, next resistances could be found at 0.8798 (Oct 31 closing price), 0.8832 (50-day SMA) and 0.8850 (Oct 31 high). On the flip side, supports are seen at 0.8685 (10-day SMA), 0.8665 (Nov 12 low) and 0.8590 (Nov 11 low).
AUD/USD climbed to its highest level in 2 weeks at 0.8763 but lost momentum and in the absence of drivers, it settled in a slim range, contained by 0.8730. At time of writing, AUD/USD is trading at 0.8740, recording a 0.27% gain on the day.
AUD/USD levels to watch
In terms of technical levels, next resistances could be found at 0.8798 (Oct 31 closing price), 0.8832 (50-day SMA) and 0.8850 (Oct 31 high). On the flip side, supports are seen at 0.8685 (10-day SMA), 0.8665 (Nov 12 low) and 0.8590 (Nov 11 low).