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15 Apr 2013
Forex: AUD/USD falls below 200-day SMA
FXstreet.com (Córdoba) - Following a short-lived bounce that was capped by the 1.0420 area, the Australian dollar resumed its decline versus the greenback and hit yet another low as US markets opened negatively and gold continues to drag.
AUD/USD slid back below the 1.0400 mark and the 200-day SMA (1.0393), stretching to a low of 1.0383 so far, last seen Apr 8. At time of writing, the pair is trading around 1.0385, 1.1% below its opening price.
As for technical levels, if the AUD continues to weaken, next supports could be found at 1.0345 (Apr 8 low) and 1.0300 (psychological level), while resistances in case of bounces might be faced at 1.0420 (intraday level), 1.0465 (200-hour SMA) and 1.0500 /10 (psychological level/100-hour SMA).
AUD/USD slid back below the 1.0400 mark and the 200-day SMA (1.0393), stretching to a low of 1.0383 so far, last seen Apr 8. At time of writing, the pair is trading around 1.0385, 1.1% below its opening price.
As for technical levels, if the AUD continues to weaken, next supports could be found at 1.0345 (Apr 8 low) and 1.0300 (psychological level), while resistances in case of bounces might be faced at 1.0420 (intraday level), 1.0465 (200-hour SMA) and 1.0500 /10 (psychological level/100-hour SMA).