AUD/USD surges above 0.9250 on improving risk appetite

FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at fresh session highs 0.9268 still below previous daily highs printed by late NY session following rumors on Fed, off session lows at 0.9230, propelled on recent surge in equities in the Asia-Pacific.

AUD/USD short term bullish

“Australian dollar is also being favored by dollar selloff, with AUD/USD regaining most of the ground lost yesterday,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Short term bullish, sellers had been taking their chances in the 0.9300/20 area, so only steady gains above the level will confirm an upward continuation in the Asian session.”

AUD/USD key technical levels

Bednarik finds support levels at: 09220, 0.9180 and 0.9135, while resistance levels: 0.9270, 0.9310 and 0.9350.