21 Jan 2015
AUD/USD steadies above 0.8200
FXStreet (Mumbai) - The Aussie bounce-off from the session low of 0.8168 against the US counterpart and trades back above 0.8200 in a bid to retest day’s high at 0.8234 levels.
Currently, the AUD/USD traded at 0.8208 levels, up 0.48% on the day. The AUD/USD pair remains supported largely on higher precious metals and oil prices. Moreover, traders continue to mull over slightly improved consumer sentiment numbers, which rose 2.4% to 93.2 in January from 91.1 a month earlier.
Meanwhile, the markets now switch their focus on the Australian Inflation expectations numbers and the European Central Bank (ECB) upcoming meeting tomorrow for further momentum on the pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8234 levels, above which gains could be extended to 0.8255 levels. On the flip side, support is seen at 0.8156 from here it to 0.8130 levels.
Currently, the AUD/USD traded at 0.8208 levels, up 0.48% on the day. The AUD/USD pair remains supported largely on higher precious metals and oil prices. Moreover, traders continue to mull over slightly improved consumer sentiment numbers, which rose 2.4% to 93.2 in January from 91.1 a month earlier.
Meanwhile, the markets now switch their focus on the Australian Inflation expectations numbers and the European Central Bank (ECB) upcoming meeting tomorrow for further momentum on the pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8234 levels, above which gains could be extended to 0.8255 levels. On the flip side, support is seen at 0.8156 from here it to 0.8130 levels.