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26 Feb 2013
Forex: AUD/USD bounces at 1.0200 to 1.0225
After falling around 60 pips from 1.0260, the AUD/USD has found support at 1.0200 where the pair has bounced towards the 1.0230 area. Currently the pair is trading at 1.0225, 0.30% below opening price action.
Earlier in the day, the AUD/USD broke below the 1.0220 level, which was the bottom of its recent range, and fell toward 1.0200, its lowest since Oct 10. On the downside, immediate support for the AUD/USD is seen at 1.0200 (psychological level), ahead of 1.0180 (Oct 10 low), while on the upside, resistances could now be found at 1.0290 (intraday high) and 1.0330 (200-day SMA).
Earlier in the day, the AUD/USD broke below the 1.0220 level, which was the bottom of its recent range, and fell toward 1.0200, its lowest since Oct 10. On the downside, immediate support for the AUD/USD is seen at 1.0200 (psychological level), ahead of 1.0180 (Oct 10 low), while on the upside, resistances could now be found at 1.0290 (intraday high) and 1.0330 (200-day SMA).