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5 Feb 2015
AUD/USD finds sellers at 0.7820; back below 0.7800
FXStreet (San Francisco) - After rallying around 50 pips from 0.7765, the AUD/USD found a selling interest at 0.7820 that sent it back below the 0.7800 level.
Currently, AUD/USD is trading at 0.7793, up 0.14% on the day, having posted a daily high at 0.7827 and low at 0.7734. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
ForexLive previously reported that UBS considers 0.7855 as a sell zone. "They note that resistance at 0.7855 has held for the past few days and suggest selling ahead of it with a 20-30 pip stop and a target at 0.7700."
As for the short term, if the AUD/USD extends decline, it will find next supports at 0.7765, 0.7750 and 0.7730. To the upside, resistances are at 0.7820, 0.7840 and 0.7850.
Currently, AUD/USD is trading at 0.7793, up 0.14% on the day, having posted a daily high at 0.7827 and low at 0.7734. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD sentiment
ForexLive previously reported that UBS considers 0.7855 as a sell zone. "They note that resistance at 0.7855 has held for the past few days and suggest selling ahead of it with a 20-30 pip stop and a target at 0.7700."
As for the short term, if the AUD/USD extends decline, it will find next supports at 0.7765, 0.7750 and 0.7730. To the upside, resistances are at 0.7820, 0.7840 and 0.7850.