AUD/USD bounced from a 1-week low of 1.0046 and rose more than 130 pips, erasing intraday losses and reaching the 1.0180 area before losing steam. At time of writing, AUD/USD is trading at the 1.0170/75 area, where it is virtually unchanged since opening.
The Aussie has seen several whipsaws this week as headlines from Europe continue to dominate market's mood and therefore AUD movements.
In terms of technical levels, next resistances could be faced at 1.0200, 1.0240/50 and 1.0300, while on the downside, immediate supports might be found at 1.0140, 1.0080 and the 1.0050 area.
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