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Forex - AUD/USD steady as markets focus on Greece talks

ForexNov 26, 2012 07:54AM GMT Add a Comment

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Investing.com - The Australian dollar was steady against its U.S. counterpart on Monday, as talks over an agreement on a delayed bailout payment for Greece were to resume later in the day.

AUD/USD hit 1.0446 during European morning trade, the session low; the pair subsequently consolidated at 1.0459, inching down 0.01%.

The pair was likely to find support at 1.0397, the low of November 13 and resistance at 1.0519, the high of September 21.

Sentiment remained mildly supported ahead of a meeting of euro zone finance ministers later in the day to discuss whether to release Greece’s next tranche of aid.

German Chancellor Angela Merkel said she believes a deal can be reached at Monday’s talks, while the French finance minister said over the weekend that an agreement is close.

Elsewhere, the Aussie was almost unchanged against the euro with EUR/AUD dipping 0.03%, to hit 1.2402.

Later in the day, Germany was to release data on German consumer climate.

Forex - AUD/USD steady as markets focus on Greece talks

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