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15 May 2014
AUD/USD surrenders gains and falls to daily lows
FXStreet (Córdoba) - The AUD/USD failed to sustain gains and dropped to fresh daily lows during the European session as the dollar gains traction across the board.
The AUD/USD failed to consolidate above the 0.9400 mark Wednesday and turned lower. Having gone through a consolidation phase, the AUD/USD came under renewed pressure and surrendered intraday gains over the last couple of hours.
AUD/USD technical levels
The AUD/USD bottomed out at 0.9355 and it is currently trading at the 0.9360 area, recording a 0.19% loss on the day.
In terms of technical levels, supports are seen at 0.9355 (May 15 low), 0.9340 (10-day SMA) and 0.9317 (May 7 & 8 lows). On the other hand, resistances could be found at 0.9408 (May 14 high), 0.9424 (Apr 14 high) and 0.9460 (Apr 10 high).
The AUD/USD failed to consolidate above the 0.9400 mark Wednesday and turned lower. Having gone through a consolidation phase, the AUD/USD came under renewed pressure and surrendered intraday gains over the last couple of hours.
AUD/USD technical levels
The AUD/USD bottomed out at 0.9355 and it is currently trading at the 0.9360 area, recording a 0.19% loss on the day.
In terms of technical levels, supports are seen at 0.9355 (May 15 low), 0.9340 (10-day SMA) and 0.9317 (May 7 & 8 lows). On the other hand, resistances could be found at 0.9408 (May 14 high), 0.9424 (Apr 14 high) and 0.9460 (Apr 10 high).