10 Dec 2013
AUD/USD reaches 8-day peak
FXstreet.com (Córdoba) - The AUD/USD has continued to move north, having printed a fresh 8-day peak during the New York session, underpinned by broad USD weakness.
The AUD/USD has climbed nearly 80 pips over the last hours and reached a high of 0.9155 before losing momentum and easing slightly. At time of writing, the AUD/USD is trading at the 0.9140 area, recording a 0.3% gain Tuesday.
The AUD/USD has been staging a mild recovery from 3-month lows sub-0.9000 this week while investors continue to assess yesterday's China data and await Australian employment figures on Thursday.
AUD/USD technical levels
As for technical levels, the AUD/USD could find immediate resistances at 0.9155 (daily high) and 0.9167 (Dec 2 high) ahead of 0.9190 (20-day SMA). On the other hand, supports are now seen at 0.9070 (daily low) and 0.9040 (61.8% Fibonacci of 0.8989/0.9128) and then to 0.9000 (psychological level).
The AUD/USD has climbed nearly 80 pips over the last hours and reached a high of 0.9155 before losing momentum and easing slightly. At time of writing, the AUD/USD is trading at the 0.9140 area, recording a 0.3% gain Tuesday.
The AUD/USD has been staging a mild recovery from 3-month lows sub-0.9000 this week while investors continue to assess yesterday's China data and await Australian employment figures on Thursday.
AUD/USD technical levels
As for technical levels, the AUD/USD could find immediate resistances at 0.9155 (daily high) and 0.9167 (Dec 2 high) ahead of 0.9190 (20-day SMA). On the other hand, supports are now seen at 0.9070 (daily low) and 0.9040 (61.8% Fibonacci of 0.8989/0.9128) and then to 0.9000 (psychological level).