23 Sep 2013
AUD/USD trends higher above 0.9440; adds to +470 pips grand total
FXstreet.com (Chicago) - AUD/USD extends the upward trendline despite a corrective price movement after earlier climb from 0.9366 lows. The pair tops major gainers today and prints 0.56% advancements against the greenback for a grand total of 4.70% this month.
Chinese momentum extended
On weaker than expected US manufacturing results, the Aussie extended earlier gains on Chinese manufacturing data after a light session data-wise. In Wall Street, prior to the closing, the equity markets trade bearish.
AUD/USD Technical Levels
Price action reveals primary and secondary trends pointing upward with the extension of an upward trendline born 10 days ago. The pair registers lows at 0.9366 and highs at 0.9459 and is offered at 0.9443. On the downside, supports are aligned at 0.9431 (September 19th lows), 0.9391 (September 16th highs) followed by 0.9356 (September 11th highs) and resistances are set at 0.9478 (June 2nd highs), 0.9523 (May 30th lows) followed by 0.9574 (June 15th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis fluctuating above the EMA20.
Chinese momentum extended
On weaker than expected US manufacturing results, the Aussie extended earlier gains on Chinese manufacturing data after a light session data-wise. In Wall Street, prior to the closing, the equity markets trade bearish.
AUD/USD Technical Levels
Price action reveals primary and secondary trends pointing upward with the extension of an upward trendline born 10 days ago. The pair registers lows at 0.9366 and highs at 0.9459 and is offered at 0.9443. On the downside, supports are aligned at 0.9431 (September 19th lows), 0.9391 (September 16th highs) followed by 0.9356 (September 11th highs) and resistances are set at 0.9478 (June 2nd highs), 0.9523 (May 30th lows) followed by 0.9574 (June 15th highs). According to the FXstreet.com trend index, the pair is strongly bullish on one-hour timeframe analysis fluctuating above the EMA20.