Having been rejected from the 1.0480 area, the AUD/USD fell to a low of 1.0398 before finding support and settling in a tight range, capped by 1.0415 on the upside. At time of writing, AUD/USD is trading at the 1.0410 area, posting a 0.2% loss on the day.
As for technical levels, on the downside supports are seen at 1.0400, 1.0375 and 1.0330, while resistances could be faced at 1.0480, 1.0500 and 1.0520.
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