Forex: AUD/USD slides back below 1.0300 (Córdoba) - The Australian dollar slumped and erased intraday gains versus the dollar as a negative turn in risk sentiment weighed on currencies linked to commodities. News that Berlusconi's centre-right coalition is ahead in the overall Senate race helped to boost the greenback across the board.

AUD/USD fell from a high of 1.0327 back toward the 1.0270 area, although it remains within its intraday range. At time of writing, AUD/USD is quoting around 1.0275/80, down 0.5% on the day.

As for technical levels, Valeria Bednarik, analyst at locates immediate supports at 1.0260, 1.0220 and 1.0180, while she sees resistances at 1.0330, 1.0370 and 1.0410.

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 securities. 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 Forex 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.