5 Nov 2013
AUD/USD regains 0.9500
FXstreet.com (Córdoba) - The AUD/USD has continued to recover ground during the European session and pushed through 0.9500 during the European session, erasing post-RBA losses.
The AUD/USD bottomed out at 0.9463 Tuesday after the RBA left policy unchanged and reiterated that the exchange rate was still uncomfortably high. However, the pair found buyers and regained the 0.9500 mark, approaching to daily highs. At time of writing, AUD/USD is trading flat at the 0.9515 area, not far from highs at 0.9520.
AUD/USD levels to watch
In terms of technical levels, if AUD/USD breaks above 0.9520, next resistances are seen at 0.9540 (20-day SMA) and 0.9575 (Oct 29 high). On the other hand, supports could be found at 0.9463 (daily low) and 0.9443 (Nov 4 low).
The AUD/USD bottomed out at 0.9463 Tuesday after the RBA left policy unchanged and reiterated that the exchange rate was still uncomfortably high. However, the pair found buyers and regained the 0.9500 mark, approaching to daily highs. At time of writing, AUD/USD is trading flat at the 0.9515 area, not far from highs at 0.9520.
AUD/USD levels to watch
In terms of technical levels, if AUD/USD breaks above 0.9520, next resistances are seen at 0.9540 (20-day SMA) and 0.9575 (Oct 29 high). On the other hand, supports could be found at 0.9463 (daily low) and 0.9443 (Nov 4 low).