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26 Aug 2013
AUD/USD spikes to 5-day high
FXstreet.com (Córdoba) - The AUD/USD jumped to a fresh 5-day high at the beginning of the American session as the greenback weakened broadly on the back of disappointing durable goods orders.
AUD/USD turns positive
AUD/USD rose more than 50 pips and peaked at 0.9069 in recent dealings as disappointing US data raised doubts the Fed could start tapering its QE program next month. At time of writing, AUD/USD is trading at the 0.9050 zone, where it is 0.3% above its opening price, having bounced from a low of 0.9003.
AUD/USD technical levels
In terms of technical levels, AUD/USD could face immediate resistances at 0.9069 (daily high) and the 0.9080/85 zone (10-day SMA/200-hour SMA), while supports are seen at 0.9000 (psychological level) and 0.8970 (Aug 23 low).
AUD/USD turns positive
AUD/USD rose more than 50 pips and peaked at 0.9069 in recent dealings as disappointing US data raised doubts the Fed could start tapering its QE program next month. At time of writing, AUD/USD is trading at the 0.9050 zone, where it is 0.3% above its opening price, having bounced from a low of 0.9003.
AUD/USD technical levels
In terms of technical levels, AUD/USD could face immediate resistances at 0.9069 (daily high) and the 0.9080/85 zone (10-day SMA/200-hour SMA), while supports are seen at 0.9000 (psychological level) and 0.8970 (Aug 23 low).