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Forex: AUD/USD finds support at 1.0480, back to test 1.0500

By FXstreet.com,  January 02, 2013, 03:35:00 PM EDT

FXstreet.com (San Francisco) - After climbing to 2-week high at 1.0522, the AUD/USD fell below the 1.0500 number again to trade near to 10480 where the pair seems to have found support. Now the AUD/USD is trading at 1.0495, 0.95% above opening price.

From a technical perspective, the Kshitij Consultancy Team highlights the next resistive structure for the AUD/USD at 1.0540. Conversely, initial support lies at 1.0400 (key support), then 1.0345, onto 1.0280.




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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