13 Jan 2015
AUD/USD heading towards 1-Month Highs
FXStreet (Mumbai) - The Aussie rallied against the US dollar in the Asian morning, extending gains its winning streak, as Aussie finds support from broad based US dollar weakness.
Currently, the AUD/USD traded at 0.8193, up 0.44% on the day, close to fresh daily highs at 0.8198 levels hit some minutes ago. The Aussie extended gains versus the greenback as the largely on chart-driven gains as the pair bounced-off from a major support at 10-DMA which is located at 0.8130 levels.
Moreover, a weaker US dollar across the board and rising gold prices also supported upside in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8254 (Dec 14 High) levels, above which gains could be extended to 0.8310 (50-DMA) levels. On the flip side, support is seen at 0.82 levels, from here it to 00.8177 (5-DMA) levels.
Currently, the AUD/USD traded at 0.8193, up 0.44% on the day, close to fresh daily highs at 0.8198 levels hit some minutes ago. The Aussie extended gains versus the greenback as the largely on chart-driven gains as the pair bounced-off from a major support at 10-DMA which is located at 0.8130 levels.
Moreover, a weaker US dollar across the board and rising gold prices also supported upside in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.8254 (Dec 14 High) levels, above which gains could be extended to 0.8310 (50-DMA) levels. On the flip side, support is seen at 0.82 levels, from here it to 00.8177 (5-DMA) levels.