8 Aug 2013
AUD/USD consolidates gains, capped by 0.9090
FXstreet.com (Córdoba) - The AUD/USD extended gains into a fourth day on Thursday underpinned by broad USD weakness and upbeat China trade data.
AUD/USD hits 9-day high
AUD/USD rose nearly 100 pips throughout the day and reached a 9-day peak of 0.9088 before finding resistance. However, with the subsequent correction contained by the 10-hour SMA around 0.9040, the pair resumed the upside.
AUD/USD key levels
At time of writing, AUD/USD is trading at the 0.9070 zone, where it records a 0.9% gain on the day with immediate resistances seen at 0.9088 (daily high) and 0.9115 (20-day SMA). On the other hand, supports are seen at 0.9040 (session low), 0.9000 (psychological level) and 0.8970 (daily low).
AUD/USD hits 9-day high
AUD/USD rose nearly 100 pips throughout the day and reached a 9-day peak of 0.9088 before finding resistance. However, with the subsequent correction contained by the 10-hour SMA around 0.9040, the pair resumed the upside.
AUD/USD key levels
At time of writing, AUD/USD is trading at the 0.9070 zone, where it records a 0.9% gain on the day with immediate resistances seen at 0.9088 (daily high) and 0.9115 (20-day SMA). On the other hand, supports are seen at 0.9040 (session low), 0.9000 (psychological level) and 0.8970 (daily low).