AUD/USD looks to retest intraday highs

FXstreet.com (New York) - The AUD/USD foreign exchange rate benefitted from an influx of strength during the afternoon of US trading, moving higher and gradually positioning itself to retest earlier highs of 0.9296.

In these moments, the AUD/USD is settling at 0.9291, up a robust +0.44% Tuesday. Briefing the technicals, the Mataf.net analyst team points to resistances at 0.9291, followed by 0.9323, and finally 0.9376.

AUD/USD strategic bias

According to Technical Analyst Team at ICN.com, “The AUD/USD reversed course after failing short of 0.9300 resistance level. Overall, we maintain our sideways bias for the pair, unless price decisively breaks above 0.9400 level.”