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17 Dec 2013
AUD/USD quicksand grounds harden around 0.8882
FXstreet.com (Chicago) - AUD/USD accumulates over 50 pips in losses so far for a total weekly loss of 0.70% and a devastating monthly loss of 497 pips. The pair is the biggest loser in the year with over 1,420 pips given up.
Fed's decision affects markets
In the US and worldwide, tomorrow’s publication of the Fed’s decision seems to tackle the psyches of market participants leading indexes to losses. In the US, inflation data was released along with housing market results that surprised positively.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.8897 and oscillates between the supports aligned at 0.8840 (July 31st lows), 0.8789 (August 8th 2010 lows) ahead of 0.8594 (December 30th 2009 lows) and the resistances set at 0.8918 (December 12th lows), 0.8974 (December 16th highs) followed by 0.9031 (December 6th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.
Fed's decision affects markets
In the US and worldwide, tomorrow’s publication of the Fed’s decision seems to tackle the psyches of market participants leading indexes to losses. In the US, inflation data was released along with housing market results that surprised positively.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.8897 and oscillates between the supports aligned at 0.8840 (July 31st lows), 0.8789 (August 8th 2010 lows) ahead of 0.8594 (December 30th 2009 lows) and the resistances set at 0.8918 (December 12th lows), 0.8974 (December 16th highs) followed by 0.9031 (December 6th lows). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates below the EMA20.