Forex: AUD/USD has mixed results and trading at 0.8651

Tue, Feb 9 2010, 03:17 GMT
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FXstreet.com (Sydney) – The Aussie has had mixed results against the dollar and is trading at 0.8651. While the AUD/USD opened lower than at yesterday’s close, it has however recovered some of its earlier losses during the local trade. Earlier, the pair opened on 0.8644 and rose to an intraday high of 0.8669 before easing slightly. The pair maintains support at 0.8626, resistance at 0.8682 and is considered slightly bearish.

The AUD initially lost ground against the dollar following weakness in equity markets. Wall St ended lower on Monday with investors remaining cautious on the world economy. Negative sentiment flowed onto the Asian session. There are no major reports coming out of Asia today and this may place additional pressure on the AUD.

AUD/USD

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