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17 Apr 2014
AUD/USD falls to 9-day low
FXStreet (Córdoba) - The AUD/USD broke below the 0.9330 support area and accelerated losses to a fresh 9-day low, weighed by stocks decline in Wall Street.
Despite better-than-expected jobless claims figures, US stocks came under pressure Thursday after disappointing earnings from Google and IBM. The AUD/USD that was resisting above 0.9330, finally surrendered and fell as low as 0.9320 in recent dealings. At time of writing, the AUD/USD is trading at the 0.9325 area, recording a 0.46% loss on the day.
AUD/USD supports & resistances
In terms of technical levels, the AUD/USD could find immediate supports at 0.9300 (psychological level) and 0.9285 (20-day SMA), while resistances in case of bounces are seen at 0.9347 (10-hour SMA), 0.9389 (Apr 17 high) and 0.9423 (Apr 15 high) ahead of 0.9460 (Apr 10 high).
Despite better-than-expected jobless claims figures, US stocks came under pressure Thursday after disappointing earnings from Google and IBM. The AUD/USD that was resisting above 0.9330, finally surrendered and fell as low as 0.9320 in recent dealings. At time of writing, the AUD/USD is trading at the 0.9325 area, recording a 0.46% loss on the day.
AUD/USD supports & resistances
In terms of technical levels, the AUD/USD could find immediate supports at 0.9300 (psychological level) and 0.9285 (20-day SMA), while resistances in case of bounces are seen at 0.9347 (10-hour SMA), 0.9389 (Apr 17 high) and 0.9423 (Apr 15 high) ahead of 0.9460 (Apr 10 high).