AUD/USD recovers to trade at 1.0460

FXstreet.com (San Francisco) - After falling around 40 pips from 1.0480, the AUD/USD has bounced at 1.0440, intra-day low, to recover the 1.0450 level and test prices around 1.0465. Currently the Aussie is trading at 1.0462.

The AUD/USD is trading 0.20% positive on the day but the pair is sightly bearish according to the FXstreet.com trend index. indicators such as CCI and Momentum are bearish while MACD and Stochastic are neutrals in the 1-hour chart.

Next resistances are at 1.0465 and 1.0480. Supports lie at 1.0460, 1.0440 and 1.0420.

Mar 25, 2013

Wall Street closed lower on European worries

The US stock market has closed Monday with losses as investors were concerned on the European situation and fears that the Cyprus resolution, including the levy, could be taken as template for another countries in the union.

Session Recap: The Euro is the big loser of the session

The Euro has traded lower on Monday against its major competitors as the confidence on the single currency has been hurt by the Cypriot resolution hangover. Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, affirmed that the Cypriot plan would be used as template for another countries in the eurozone. then, investors were afraid for more levys and capital restrictions across the union.