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Forex: AUD/USD approaches daily lows
The Aussie bottomed on Asian hours at one.0138 however recovered ground afterwards and rose throughout the eu session to one.0167. however once more the AUD/USD lost strength and currently is approaching daily lows.
At the instant of writing the try is trading at one.0148/50, down 0.23% from today’s gap value.
To the upside resistance levels can be located at one.0170/80 (Dec twenty three, 26 highs), 1.0220 and 1.0260 whereas to the draw back immediate support levels lie at one.0145/50, 1.0130 and 1.0095.
Commodity currencies weakened against buck within the last hours and hold the draw back following the discharge of the Case Shiller Home value Index that showed a much bigger than expected decline. Movements are restricted thus far on Tuesday as volume remains low.
The Aussie bottomed on Asian hours at one.0138 however recovered ground afterwards and rose throughout the eu session to one.0167. however once more the AUD/USD lost strength and currently is approaching daily lows.
At the instant of writing the try is trading at one.0148/50, down 0.23% from today’s gap value.
To the upside resistance levels can be located at one.0170/80 (Dec twenty three, 26 highs), 1.0220 and 1.0260 whereas to the draw back immediate support levels lie at one.0145/50, 1.0130 and 1.0095.
Commodity currencies weakened against buck within the last hours and hold the draw back following the discharge of the Case Shiller Home value Index that showed a much bigger than expected decline. Movements are restricted thus far on Tuesday as volume remains low.
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