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Forex: AUD/USD rejected from 1.0340
FXstreet.com (Córdoba) - The Australian dollar was rejected from
the 1.0340 area at the beginning of the NY session and retraced
part of its intraday gains, despite the positive tone of stock
AUD/USD found resistance at a high of 1.0338 and retreated, dipping back below the 1.0300 mark in recent dealings. At time of writing, the Aussie is quoting at the 1.0295 zone, still up 0.2% on the day.
In terms of technical levels, if AUD/USD manages to break decisively above 1.0338, next resistances could be found at 1.0345 (55-day SMA) and 1.0360 (high Apr 19). On the downside, next supports could be faced at 1.0270 (daily low), 1.0230 (low Apr 24) and 1.0220 (low Apr 23).