11 Oct 2013
AUD/USD threatens 3-week highs
FXstreet.com (Córdoba) - The AUD/USD rose to retest this week's highs Friday, underpinned by optimism over a US debt ceiling extension and supported by stocks gains.
AUD/USD capped by 0.9485
The Australian dollar remains as one of the top performers among majors and scored a marginal new high of 3 weeks versus the greenback at 0.9484. However, the AUD/US failed once again to decisively break above that level and settled just below. At time of writing, AUD/USD is trading at the 0.9475 area, still 0.3% above its opening price, waiting for the next catalyst to take the 0.9485 resistance area.
AUD/USD levels to watch
If AUD/USD breaks above 0.9485, next resistances could be found at 0.9500 (psychological level) and 0.9528 (Sep 18 high). On the other hand, immediate supports are seen at 0.9435 (daily low) and 0.9400 (psychological level/20-day SMA) ahead of 0.9388 (Oct 10 low).
AUD/USD capped by 0.9485
The Australian dollar remains as one of the top performers among majors and scored a marginal new high of 3 weeks versus the greenback at 0.9484. However, the AUD/US failed once again to decisively break above that level and settled just below. At time of writing, AUD/USD is trading at the 0.9475 area, still 0.3% above its opening price, waiting for the next catalyst to take the 0.9485 resistance area.
AUD/USD levels to watch
If AUD/USD breaks above 0.9485, next resistances could be found at 0.9500 (psychological level) and 0.9528 (Sep 18 high). On the other hand, immediate supports are seen at 0.9435 (daily low) and 0.9400 (psychological level/20-day SMA) ahead of 0.9388 (Oct 10 low).