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17 Apr 2014
AUD/USD consolidates below 0.9350
FXStreet (Córdoba) - The AUD/USD finished lower on Thursday and posted the lowest daily close since April 8 at 0.9330. During the American session the pair bottomed at 0.9320 and then bounced slightly to the upside.
The US dollar was the best performer across the board pushing the AUD/USD to the downside. During the Asian session the pair approached 0.9400 but lost momentum and since then moved all day with a downside bias.
The AUD/USD was trading above 0.9350 but after the release of better-than-expected economic data in the US extended the decline and then broke below 0.9330. Ahead of the Asian session, price action could remain limited amid holidays.
The US dollar was the best performer across the board pushing the AUD/USD to the downside. During the Asian session the pair approached 0.9400 but lost momentum and since then moved all day with a downside bias.
The AUD/USD was trading above 0.9350 but after the release of better-than-expected economic data in the US extended the decline and then broke below 0.9330. Ahead of the Asian session, price action could remain limited amid holidays.