AUD/USD consolidates below 0.8300

FXStreet (Córdoba) - AUD/USD entered a consolidation phase after the latest upside attempt faltered just ahead of 0.8300 as investors remain mostly sidelined ahead of the weekend with the latest string of US data having no impact on the greenback.

AUD/USD touched a fresh 4 ½-year low of 0.8216 Thursday after RBA Governor Stevens said he now saw a fair value for the currency around 0.7500. However, market decided to ignore Stevens and AUD/USD managed to recover some ground and reached a daily high of 0.8298 before finding resistance.

Having spent most of the day in a narrow range, AUD/USD is currently trading at 0.8265, virtually unchanged on the day.