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17 Dec 2013
AUD/USD edges lower in quiet session
FXstreet.com (Córdoba) - The AUD/USD weakened slightly during the European session and printed a fresh daily low in recent dealings although it remains well within familiar ranges ahead of the FOMC meeting outcome Wednesday.
The AUD/USD fell below 0.8930 and stretched to a low of 0.8917 before bouncing slightly. However, the pair seems unable to gather momentum to set a fresh direction as investors remain sidelined. Not even RBA minutes published during the Asian session triggered stronger moves in the AUD/USD.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.8925 zone, recording a 0.2% loss on the day and not far from its 3 ½-month low of 0.8908 scored Friday. If the AUD/USD breaks below 0.8908, it could drop toward 0.8900 (psychological level) en-route to 0.8847 (2013 low Aug 5). On the other hand, resistances in case of bounces are seen at 0.8957 (daily high), 0.8968 (Dec 16 high) and 0.8989 (Dec 6 low).
The AUD/USD fell below 0.8930 and stretched to a low of 0.8917 before bouncing slightly. However, the pair seems unable to gather momentum to set a fresh direction as investors remain sidelined. Not even RBA minutes published during the Asian session triggered stronger moves in the AUD/USD.
AUD/USD levels to watch
At time of writing, the AUD/USD is trading at the 0.8925 zone, recording a 0.2% loss on the day and not far from its 3 ½-month low of 0.8908 scored Friday. If the AUD/USD breaks below 0.8908, it could drop toward 0.8900 (psychological level) en-route to 0.8847 (2013 low Aug 5). On the other hand, resistances in case of bounces are seen at 0.8957 (daily high), 0.8968 (Dec 16 high) and 0.8989 (Dec 6 low).