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24 Feb 2015
AUD/USD falls to 1-week lows
FXStreet (Córdoba) - AUD/USD is falling for the second day in a row as the US dollar climbs across the board. The pair weakened during the Asian session affected by the New Zealand inflation expectations report and then extended losses.
Recently bottomed at 0.7738, the lowest level since February 13 and currently trades at 0.7745/50, down 0.70% from yesterday’s close, having the worst performance in almost four weeks.
With the slide, AUD/USD is making a reversal after the rally from 0.7640 found resistance at the 0.7850 area, that has become a key short term resistance. On Monday the aussie tested the 0.7850 but failed to break and since then it lost more than a hundred pips.
Recently bottomed at 0.7738, the lowest level since February 13 and currently trades at 0.7745/50, down 0.70% from yesterday’s close, having the worst performance in almost four weeks.
With the slide, AUD/USD is making a reversal after the rally from 0.7640 found resistance at the 0.7850 area, that has become a key short term resistance. On Monday the aussie tested the 0.7850 but failed to break and since then it lost more than a hundred pips.