3 Oct 2013
AUD/USD stuck below 0.9400
FXstreet.com (Córdoba) - The AUD/USD has spent most of the day consolidating just below the 0.9400 level, unable to pick fresh direction as caution prevails given US budget issues.
The greenback has weakened broadly over the last days as the US government shutdown continues and the debt ceiling deadline looms, however the Aussie is struggling to gather pace as a prolonged standoff would fuel risk aversion. At time of writing, AUD/USD is trading at the 0.9380 area, virtually unchanged on the day, with no major domestic data published in Australia Thursday.
AUD/USD technical levels
In terms of technical levels, AUD/USD could face immediate resistances at 0.9410 (Oct 2 high) and 0.9434 (Oct 1 high) ahead of 0.9458 (Sep 20 high). On the other hand, supports are now seen at 0.9365 (daily low) and 0.9330 (Oct 2 low) followed by 0.9300 (psychological level).
The greenback has weakened broadly over the last days as the US government shutdown continues and the debt ceiling deadline looms, however the Aussie is struggling to gather pace as a prolonged standoff would fuel risk aversion. At time of writing, AUD/USD is trading at the 0.9380 area, virtually unchanged on the day, with no major domestic data published in Australia Thursday.
AUD/USD technical levels
In terms of technical levels, AUD/USD could face immediate resistances at 0.9410 (Oct 2 high) and 0.9434 (Oct 1 high) ahead of 0.9458 (Sep 20 high). On the other hand, supports are now seen at 0.9365 (daily low) and 0.9330 (Oct 2 low) followed by 0.9300 (psychological level).