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25 Feb 2013
Forex: AUD/USD regains 1.0300, fills the opening gap
After a negative start of the week, the Australian dollar managed to reverse losses and filled the opening gap ahead of the New York session supported by better risk sentiment.
AUD/USD slid toward a low of 1.0260 during the Asian session, but found support and bounced, recovering over 60 pips to hit a daily high of 1.0327 in recent dealings. At time of writing, AUD/USD is trading around 1.0320, 0.2% above its opening price.
As for technical levels, if AUD/USD manages to climb above 1.0330, next resistances could be found at 1.0340 (high Feb 22) and 1.0370 (200-day SMA). On the other hand supports are seen at 1.0300 (psychological level), 1.0260 (intraday low) and 1.0235 (low Feb 20).
AUD/USD slid toward a low of 1.0260 during the Asian session, but found support and bounced, recovering over 60 pips to hit a daily high of 1.0327 in recent dealings. At time of writing, AUD/USD is trading around 1.0320, 0.2% above its opening price.
As for technical levels, if AUD/USD manages to climb above 1.0330, next resistances could be found at 1.0340 (high Feb 22) and 1.0370 (200-day SMA). On the other hand supports are seen at 1.0300 (psychological level), 1.0260 (intraday low) and 1.0235 (low Feb 20).