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3 Mar 2015
AUD/USD trades at day's high
FXStreet (Mumbai) - The AUD/USD pair hit a fresh daily high of 0.7840 as the traders continue to price-in the Reserve Bank of Australia’s (RBA) decision to maintain interest rates unchanged at 2.25%.
AUD/USD: Nearing a wall of resistance
The level around 0.7840-0.7850 has acted as a strong resistance throughout the last month. Earlier today, the Aussie shot higher across the board after RBA kept rates unchanged, however, some caution was seen during the European session as the pair inched lower to 0.78 levels due to RBA’s dovish forward guidance. Fresh demand for the Aussie seen now could be in line with the strength in most of the major currencies against the US dollar.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7840-0.7850, above which the pair could test 0.7916 (50-DMA). On the flip side, support is seen at 0.7818 (10-DMA) and 0.7750.
AUD/USD: Nearing a wall of resistance
The level around 0.7840-0.7850 has acted as a strong resistance throughout the last month. Earlier today, the Aussie shot higher across the board after RBA kept rates unchanged, however, some caution was seen during the European session as the pair inched lower to 0.78 levels due to RBA’s dovish forward guidance. Fresh demand for the Aussie seen now could be in line with the strength in most of the major currencies against the US dollar.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7840-0.7850, above which the pair could test 0.7916 (50-DMA). On the flip side, support is seen at 0.7818 (10-DMA) and 0.7750.