7 Jul 2014
AUD/USD hits fresh highs above 0.9350
FXStreet (Córdoba) - The AUD/USD broke above Friday’s highs and rose to 0.9371. Price action remains limited on a low volume day. In the las hours the pair traded in a small range between 0.9361 and 0.9371.
The Aussie gained momentum against the US dollar after bottoming during the Asian session at 0.9340 but then bounced to the upside and moved since then with a bullish bias.
AUD/USD technical levels
To the upside, immediate resistance lies at 0.9370/75 (daily high) and above here at 0.9385 (June 30 low) and 0.9425. On the opposite direction support might be located at 0.9355 (intraday support) and below here at 0.9340 (July 4, 7 low) and 0.9325 (July 3 low).
The Aussie gained momentum against the US dollar after bottoming during the Asian session at 0.9340 but then bounced to the upside and moved since then with a bullish bias.
AUD/USD technical levels
To the upside, immediate resistance lies at 0.9370/75 (daily high) and above here at 0.9385 (June 30 low) and 0.9425. On the opposite direction support might be located at 0.9355 (intraday support) and below here at 0.9340 (July 4, 7 low) and 0.9325 (July 3 low).