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Forex: AUD/USD flat around 1.0560

By FXstreet.com,  January 16, 2013, 02:32:00 AM EDT

FXstreet.com (Barcelona) - After bottoming below the 1.0550 region, the Aussie dollar has managed to pick up pace and partly recover from its decline.

"Consumer Confidence ticked higher in January on the Westpac monthly survey. It rose 0.6%. This follows a -4.1% fall in December and a 5.2% rise in November so is essentially flat through the past three months", explains analyst Adrian Foster at Rabobank.

AUD/USD is down just 0.01% at 1.0563 as of writing.
The next support levels line up at 1.0494 (low Jan.10) followed by 1.0462 (MA21d) en route to 1.0442 (hourly high/low Jan.4).
On the flip side, a breakout of 1.0570 (high Jan.15) would open the door to 1.0578 (high Jan.14) and then 1.0599 (high Jan.10).




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

Referenced Stocks:



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