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15 Jan 2015
AUD/USD rejected at 50-DMA
FXStreet (Mumbai) - The AUD/USD rejected erased part of its gains, after being rejected at the 50-DMA located at 0.8272 levels post the mixed US data hit the wires.
The pair now trades 0.72% higher for the day at 0.8207. The Aussie declined, tracking a slight recovery in the US 10-year Treasury yields to 1.828%. Moreover, the US dollar gained strength as the rise in the initial jobless claims was negated by a sharp rise in the New York Fed’s general business conditions index. Earlier today, a better-than-expected jobs report in Australia had pushed the Australian dollar higher.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8272 (50-DMA), above which gains could be extended to 0.83 levels. Meanwhile, support is seen at 0.8176 (5-DMA) and 0.8143 (10-DMA) levels.
The pair now trades 0.72% higher for the day at 0.8207. The Aussie declined, tracking a slight recovery in the US 10-year Treasury yields to 1.828%. Moreover, the US dollar gained strength as the rise in the initial jobless claims was negated by a sharp rise in the New York Fed’s general business conditions index. Earlier today, a better-than-expected jobs report in Australia had pushed the Australian dollar higher.
AUD/USD Technical Levels
The immediate resistance is seen at 0.8272 (50-DMA), above which gains could be extended to 0.83 levels. Meanwhile, support is seen at 0.8176 (5-DMA) and 0.8143 (10-DMA) levels.