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26 Apr 2013
Forex: AUD/USD remains pressured below 1.0300
FXstreet.com (Córdoba) - Following 2 days of gains, the Australian dollar came back under pressure, weighed by the slide in stocks in risk-off Friday.
AUD/USD bottomed out at 2-day low of 1.0262, but the subsequent bounce was short-lived and capped by the 1.0285 zone, making the pair resume its downward path. At time of writing, AUD/USD is trading around 1.0270, recording a 0.2% loss on the day.
In terms of technical levels, if AUD/USD falls below 1.0262, next supports could be found at 1.0230 (low Apr 24) and 1.0220 (low Apr 23). On the other hand, resistances on bounces are seen at 1.0285 (intraday level), 1.0300 (psychological level) and 1.0335 (daily high).
AUD/USD bottomed out at 2-day low of 1.0262, but the subsequent bounce was short-lived and capped by the 1.0285 zone, making the pair resume its downward path. At time of writing, AUD/USD is trading around 1.0270, recording a 0.2% loss on the day.
In terms of technical levels, if AUD/USD falls below 1.0262, next supports could be found at 1.0230 (low Apr 24) and 1.0220 (low Apr 23). On the other hand, resistances on bounces are seen at 1.0285 (intraday level), 1.0300 (psychological level) and 1.0335 (daily high).