AUD/USD remains capped by 0.7690
|AUD/USD remains stuck in a narrow range Wednesday, unable to gather fresh momentum in either direction, with the 0.7690 resistance area capping every upside attempt.
AUD/USD advanced for a sixth day in a row and made a marginal new high of 0.7689, but once again found resistance and pulled back. The pair looked past domestic, Chinese and US data throughout the day.
However, with the downside also limited, the pair was confined to a sideways phase. At time of writing, AUD/USD is trading at 0.7674, up 0.16% on the day.
AUD/USD levels to watch
As for technical levels, next resistances could be faced at 0.7690 (Oct 4 high), 0.7709 (Sep 29 high) and 0.7731 (Sep 8 high). On the flip side, supports could be faced at 0.7623 (21-day SMA), 0.7580 (Oct 17 low) and 0.7550 (100-day SMA).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.