â€œAUD/USD finally breached a large barrier at 1.0200 after some exceptionally high turnover but with more heavy support seen at 1.0150, in the form of barriers and Sovereign interest, the dip below 1.0200 was short and sharp,â€ said FXWW founder Sean Lee, adding: â€œStick to range trading mode here with edges at 1.0150/1.0350 but the danger on the day would seem to be to the topside.â€ SP500 closed with gains adding +1.27% for the day, erasing almost all Tuesday loses.
Immediate support to the downside for AUD/USD lies at Tuesday's lows 1.0200, followed by yesterday's fresh 4.5-month lows at 1.0180, and Sept 05 lows at 1.0162. To the upside, closest resistance shows at recent NY session and daily highs at 1.0246, followed by Monday's Asian session lows at 1.0260, and Tuesday's highs at 1.0290.
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