14 Oct 2013
AUD/USD threatens highs, eyes 0.9500
FXstreet.com (Córdoba) - The AUD/USD extended gains during the European session and printed fresh highs for the day a few pips shy of Friday's peak.
Underpinned by Chinese inflation data and despite the US budget deadlock continues to drag on sentiment, AUD/USD surged to a daily high of 0.9480 during the European trade. However, the pair lacked momentum to break decisively above last week's highs and it was last at the 0.9475 zone, 0.5% above its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances at 0.9484 (Oct 8 & 11 high) and 0.9500 (psychological level), while supports are seen at 0.9420 (daily low) and 0.9405 (21-day SMA).
Underpinned by Chinese inflation data and despite the US budget deadlock continues to drag on sentiment, AUD/USD surged to a daily high of 0.9480 during the European trade. However, the pair lacked momentum to break decisively above last week's highs and it was last at the 0.9475 zone, 0.5% above its opening price.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find immediate resistances at 0.9484 (Oct 8 & 11 high) and 0.9500 (psychological level), while supports are seen at 0.9420 (daily low) and 0.9405 (21-day SMA).