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29 Apr 2013
Forex: AUD/USD reaches 10-day high
FXstreet.com (Córdoba) - The Aussie extended gains versus the greenback and printed a 10-day high during the New York session, underpinned by the risk-on mood.
AUD/USD peaked at 1.0357, roughly at the same level it did last on Apr 19, but once again found resistance and pulled back. At time of writing, AUD/USD is trading around 1.0340, still 0.6% above its opening price.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that a limited upward momentum persists in 4-hour chart, although a break below 1.0310 will expose the 1.0260/80 lows today. Bednarik locates support levels at 1.0310, 1.0260 and 1.0220, while she sees next resistances at 1.0380 and 1.0410.
AUD/USD peaked at 1.0357, roughly at the same level it did last on Apr 19, but once again found resistance and pulled back. At time of writing, AUD/USD is trading around 1.0340, still 0.6% above its opening price.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that a limited upward momentum persists in 4-hour chart, although a break below 1.0310 will expose the 1.0260/80 lows today. Bednarik locates support levels at 1.0310, 1.0260 and 1.0220, while she sees next resistances at 1.0380 and 1.0410.