AUD/USD hit fresh highs above 0.8800

FXStreet (Córdoba) - AUD/USD rose to 0.8811 and printed a fresh daily highs, slightly below yesterday’s strongest levels. Reports mentioned that the central bank of China was going to inject up to 200 billion yuan into banks. The aussie rose across the board afterwards but then pulled back.

Currently trades at 0.8791, almost 50 pips above the level it closed yesterday, supported by risk appetite as stocks rise sharply in Europe and Wall Street futures point to a strong opening.

AUD/USD rangebound

The pair had volatile days but remains inside last week range. To the downside, the area above 0.8650 capped the decline while to the upside price peaked at 0.8863, below 0.8898, where last week highs lie.