30 Apr 2015
AUD/USD consolidates below 0.7900
FXStreet (Córdoba) - AUD/USD has continued falling during the American session and hit fresh 2-day lows as the dollar staged a nice recovery propelled by a slide in US jobless claims.
AUD/USD had reached a 3-month peak of 0.8075 on Wednesday ahead of the FOMC statement, but turned lower and has dropped more than 200 pips over the last sessions. At time of writing, the pair is trading at 0.7880, 1.54% down on the day, making the Australian dollar the worst performers among majors.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next supports at 0.7867 (daily low), 0.7832 (10-day SMA) and 0.7800 (psychological level). On the other hand, immediate resistances are seen at 0.7918 (100-hour SMA), 0.8000 (psychological level) and 0.8021 (daily high).
AUD/USD had reached a 3-month peak of 0.8075 on Wednesday ahead of the FOMC statement, but turned lower and has dropped more than 200 pips over the last sessions. At time of writing, the pair is trading at 0.7880, 1.54% down on the day, making the Australian dollar the worst performers among majors.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next supports at 0.7867 (daily low), 0.7832 (10-day SMA) and 0.7800 (psychological level). On the other hand, immediate resistances are seen at 0.7918 (100-hour SMA), 0.8000 (psychological level) and 0.8021 (daily high).