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).