18 Nov 2013
AUD/USD struggling around 0.9400
FXstreet.com (Córdoba) - The AUD/USD was supported by better risk appetite Monday and climbed to a 10-day peak during the European session.
The AUD/USD reached a high of 0.9418 but faced resistance and pulled back, dipping briefly below the 0.9400 level. However, with the slide contained by the 0.9395 area, the pair was left struggling around 0.9400, where it holds onto a 0.3% gain Monday.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.9418 (daily high) it could rally toward 0.9442 (50-day SMA) and 0.9470 (20-day SMA). On the downside, supports could be found at 0.9395 (intraday level) and 0.9358 (daily low).
The AUD/USD reached a high of 0.9418 but faced resistance and pulled back, dipping briefly below the 0.9400 level. However, with the slide contained by the 0.9395 area, the pair was left struggling around 0.9400, where it holds onto a 0.3% gain Monday.
AUD/USD levels to watch
In terms of technical levels, if the AUD/USD breaks above 0.9418 (daily high) it could rally toward 0.9442 (50-day SMA) and 0.9470 (20-day SMA). On the downside, supports could be found at 0.9395 (intraday level) and 0.9358 (daily low).