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14 Jan 2015
AUD/USD recovers partial losses, remains in red
FXStreet (Mumbai) - The Aussie erased partial losses from the Asian session versus the US counterpart, after tumbling commodities prices swept the Aussie along reaching fresh weekly lows.
Currently, the AUD/USD traded at 0.8128, down -0.47% on the day, having posted fresh session’s high at 0.8144 levels an hour ago. The Aussie is seen recovering against the US dollar, while traders continue to monitor falling commodity prices.
Meanwhile, traders now shift their attention towards the USD, with US retail sales and the Fed Beige book, both likely to be supportive to USD. Also, Australia's employment report due for release tomorrow will be closely watched.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8144 (Session High) levels, above which gains could be extended to 0.8158 (Jan 6 High) levels. On the flip side, support is seen at 0.8068 (Today’s Low) levels, from here it to 0.8031 levels.
Currently, the AUD/USD traded at 0.8128, down -0.47% on the day, having posted fresh session’s high at 0.8144 levels an hour ago. The Aussie is seen recovering against the US dollar, while traders continue to monitor falling commodity prices.
Meanwhile, traders now shift their attention towards the USD, with US retail sales and the Fed Beige book, both likely to be supportive to USD. Also, Australia's employment report due for release tomorrow will be closely watched.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8144 (Session High) levels, above which gains could be extended to 0.8158 (Jan 6 High) levels. On the flip side, support is seen at 0.8068 (Today’s Low) levels, from here it to 0.8031 levels.