25 Jul 2013
AUD/USD jumps to fresh intraday highs
FXstreet.com (New York) - The AUD/USD foreign exchange rate surged higher Thursday afternoon during US trading, breaking through resistance en route to fresh highs.
At the time of writing, the AUD/USD is once again in the drivers seat, notching robust gains that have taken the pair to the heights of +0.95%, now operating at 0.9251. Technically speaking, the pair broke through resistance at 0.9236 and now looks to test additional means of correction at 0.9270, onto 0.9318, notes the Danske Research Team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The AUD/USD bounces off of the 0.9130 support, having well exceeded our re-shorting area around 0.9190-0.9200. We prefer to see the 0.9200 level hold and push price lower again, while the bearish bias requires the 0.9250 to remain intact, otherwise we may see another push to the top of the range.”
At the time of writing, the AUD/USD is once again in the drivers seat, notching robust gains that have taken the pair to the heights of +0.95%, now operating at 0.9251. Technically speaking, the pair broke through resistance at 0.9236 and now looks to test additional means of correction at 0.9270, onto 0.9318, notes the Danske Research Team.
AUD/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The AUD/USD bounces off of the 0.9130 support, having well exceeded our re-shorting area around 0.9190-0.9200. We prefer to see the 0.9200 level hold and push price lower again, while the bearish bias requires the 0.9250 to remain intact, otherwise we may see another push to the top of the range.”