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16 Sep 2013
AUD/USD headed north, nears daily highs
FXstreet.com (Córdoba) - The AUD/USD resumed the upside during the European session and is headed to daily highs, underpinned by the positive sentiment that prevails in financial markets.
AUD/USD breaks above 100-day SMA
AUD/USD gapped to the upside at the weekly opening, breaking above the 100-day SMA and reaching a fresh 3-month high of 0.9390 before losing momentum. However, the subsequent pullback was contained by the 0.9320 area, allowing the pair to regain ground.
AUD/USD technical levels
At time of writing, AUD/USD is trading at the 0.9380 zone, 0.6% above its opening price, with next resistances at 0.9390 (daily high), 0.9415 (Jun 12 low) and 0.9427 (61.8% of 0.9790/0.8847). On the other hand, supports are seen at the 0.9315/20 zone (daily lows) and 0.9285 (100-hour SMA) ahead of 0.9250 (Friday’s close).
AUD/USD breaks above 100-day SMA
AUD/USD gapped to the upside at the weekly opening, breaking above the 100-day SMA and reaching a fresh 3-month high of 0.9390 before losing momentum. However, the subsequent pullback was contained by the 0.9320 area, allowing the pair to regain ground.
AUD/USD technical levels
At time of writing, AUD/USD is trading at the 0.9380 zone, 0.6% above its opening price, with next resistances at 0.9390 (daily high), 0.9415 (Jun 12 low) and 0.9427 (61.8% of 0.9790/0.8847). On the other hand, supports are seen at the 0.9315/20 zone (daily lows) and 0.9285 (100-hour SMA) ahead of 0.9250 (Friday’s close).