8 Apr 2014
AUD/USD holds at 4-month highs
FXStreet (Córdoba) - The AUD/USD took another step higher during the New York session and reached a fresh 4 ½-month peak as stocks recover ground in Wall Street.
The AUD/USD has climbed nearly a full cent Tuesday amid generalized dollar weakness, which arose with no clear trigger. Even though initially the pair lacked momentum to break above the 0.9350 zone, it resumed the rise after a short-lived correction and printed a high of 0.9362, last seen Nov 19 2013.Next on tap during the Asian session, the Westpac institute will release its April consumer confidence index.
AUD/USD technical levels
In terms of technical levels, if the Aussie extends gains, next resistances are seen at 0.9385 (Nov 14 high) and 0.9400 (psychological level). On the other hand, supports could be found at 0.9262 (10-day SMA/daily low) and 0.9222 (Apr 4 low).
The AUD/USD has climbed nearly a full cent Tuesday amid generalized dollar weakness, which arose with no clear trigger. Even though initially the pair lacked momentum to break above the 0.9350 zone, it resumed the rise after a short-lived correction and printed a high of 0.9362, last seen Nov 19 2013.Next on tap during the Asian session, the Westpac institute will release its April consumer confidence index.
AUD/USD technical levels
In terms of technical levels, if the Aussie extends gains, next resistances are seen at 0.9385 (Nov 14 high) and 0.9400 (psychological level). On the other hand, supports could be found at 0.9262 (10-day SMA/daily low) and 0.9222 (Apr 4 low).