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10 Dec 2014
AUD/USD consolidates above 0.8300
FXStreet (Córdoba) - AUD/USD managed to climb back above the 0.8300 level despite disappointing Australian consumer confidence data.
AUD/USD climbed to a daily high of 0.8337 during the Asian session as the greenback faced renewed pressure, and it has spent the last hours consolidating in a narrow range just below. At time of writing, AUD/USD is trading at 0.8320, 0.34% above its opening price, but not far its 4 ½-year low of 0.8223 scored Tuesday.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next resistances at 0.8370 (Dec 9 high) and 0.8400 (psychological level/10-day SMA). On the other hand, supports are seen at 0.8264 (daily low) and 0.8223 (2014 low Dec 9).
AUD/USD climbed to a daily high of 0.8337 during the Asian session as the greenback faced renewed pressure, and it has spent the last hours consolidating in a narrow range just below. At time of writing, AUD/USD is trading at 0.8320, 0.34% above its opening price, but not far its 4 ½-year low of 0.8223 scored Tuesday.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next resistances at 0.8370 (Dec 9 high) and 0.8400 (psychological level/10-day SMA). On the other hand, supports are seen at 0.8264 (daily low) and 0.8223 (2014 low Dec 9).