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Forex: AUD/USD bounces at 1.0355, back to test 1.0400

By FXstreet.com,  October 18, 2012, 11:45:00 AM EDT

FXstreet.com (San Francisco) - The Aussie's first attempt to trade above the 1.0400 was rejected at 1.0410, highest level since September 28, with the AUD/USD falling back to 1.0355. At this level, the pair began to rise again in its way to test 1.0400 again.

Currently the pair is trading at 1.0395, 0.11% above opening price action. In the 1h chart CCI and Momentum are bullish. Resistance levels: 1.0410 1.0445 1.0470. Support levels: 1.0360 1.0335 1.0300.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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