13 May 2015
AUD/USD breaks above 0.8100
FXStreet (Tokyo) - And 140 pips after, the AUD/USD just broke above the 0.8100 level. The Australian Dollar is trading higher against the weak American Dollar after the disappointing US retail sales data.
The AUD/USD jumped 140 pips from 0.7965 to break above 0.8100 and trade as high as 0.8120; maximum since January 22.
Currently, AUD/USD is trading at 0.8114, up 1.69% on the day, having posted a daily high at 0.8120 and low at 0.7948. AUD/USD spot is in extremely overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair consolidates levels above 0.8100, it will find resistances at 0.8120, 0.8160 and 0.8180. To the downside, supports are at 0.8100, 0.8030 and 0.8020.
The AUD/USD jumped 140 pips from 0.7965 to break above 0.8100 and trade as high as 0.8120; maximum since January 22.
Currently, AUD/USD is trading at 0.8114, up 1.69% on the day, having posted a daily high at 0.8120 and low at 0.7948. AUD/USD spot is in extremely overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair consolidates levels above 0.8100, it will find resistances at 0.8120, 0.8160 and 0.8180. To the downside, supports are at 0.8100, 0.8030 and 0.8020.