10 Jun 2013
AUD/USD jumps to daily highs
FXstreet.com (Córdoba) - Choppy trading has taken over the New York session, with the USD now retracing gains versus most competitors.
AUD/USD broke above previous daily highs and reached the 0.9475 area in recent dealings as the greenback gives up ground and stocks turn back positive in Wall Street.
At time of writing, AUD/USD is trading at the 0.9465 zone, 0.7% above its opening price, but still below Friday's close. If AUD/USD manages to close the weekly opening gap (0.9500), next resistances could be found at 0.9525 (100-hour SMA) and 0.9590 (200-hour SMA), while on the downside supports are seen at 0.9430 (20-hour SMA) and 0.9400 (psychological level).
AUD/USD broke above previous daily highs and reached the 0.9475 area in recent dealings as the greenback gives up ground and stocks turn back positive in Wall Street.
At time of writing, AUD/USD is trading at the 0.9465 zone, 0.7% above its opening price, but still below Friday's close. If AUD/USD manages to close the weekly opening gap (0.9500), next resistances could be found at 0.9525 (100-hour SMA) and 0.9590 (200-hour SMA), while on the downside supports are seen at 0.9430 (20-hour SMA) and 0.9400 (psychological level).