Back
31 Dec 2014
AUD/USD: Key levels for 2015
FXStreet (Guatemala) - AUD/USD is trading at 0.8175, down -0.06% on the day, having posted a daily high at 0.8218 and low at 0.8159.
AUD/USD is consolidating back below the 0.82 handle after a series of last minute bouts of demand came into the final sessions of the year, taking the pair up to highs of 0.8215. AUD/USD was short lived on the 0.82 handle and has come off with aggressive offers penetrating the downside. The markets are thin with a half day in European trading and lightly manned desks across the US as we head in towards the closing hours of 2014 trading.
The markets will bounce back to full mode in the first full week of the year though with the FOMC minutes and Non Farm Payrolls taking the main stage.
To the downside, technically, the 2010 low at 0.8068 and bringing in the 0.7950/30 double Fibo as bears target. For the upside, Karen Jones, chief analyst at Commerzbank, eyes initial resistance as the Imoku 1 resistance at 0.8242. Through here, there could be an attempt on the downtrend at 0.8510. Key resistance remains to be seen at the October high at 0.8911.
AUD/USD is consolidating back below the 0.82 handle after a series of last minute bouts of demand came into the final sessions of the year, taking the pair up to highs of 0.8215. AUD/USD was short lived on the 0.82 handle and has come off with aggressive offers penetrating the downside. The markets are thin with a half day in European trading and lightly manned desks across the US as we head in towards the closing hours of 2014 trading.
The markets will bounce back to full mode in the first full week of the year though with the FOMC minutes and Non Farm Payrolls taking the main stage.
To the downside, technically, the 2010 low at 0.8068 and bringing in the 0.7950/30 double Fibo as bears target. For the upside, Karen Jones, chief analyst at Commerzbank, eyes initial resistance as the Imoku 1 resistance at 0.8242. Through here, there could be an attempt on the downtrend at 0.8510. Key resistance remains to be seen at the October high at 0.8911.