6 Nov 2013
AUD/USD hits fresh weekly high
FXstreet.com (Córdoba) - The AUD/USD took another step higher during the European session and extended its recovery to a 1-week high Wednesday amid choppy moves ahead of the US nonfarm payrolls Friday.
The AUD/USD has climbed nearly 60 pips throughout the day having benefited from better-than-expected AUS trade data and reached its highest in over a week at 0.9543 but found resistance at the 21-day SMA and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9530 zone, recording a 0.3% gain on the day.
AUD/USD levels to watch
As for technical levels, if the AUD/USD managed to break above 0.9540/45, next resistances could be faced at 0.9575 (Oct 29 high), 0.9600 (psychological level) and 0.9625 (Oct 25 high). On the other hand, next supports are seen at 0.9485 (daily low) and 0.9463 (Nov 5 low).
The AUD/USD has climbed nearly 60 pips throughout the day having benefited from better-than-expected AUS trade data and reached its highest in over a week at 0.9543 but found resistance at the 21-day SMA and pulled back slightly. At time of writing, AUD/USD is trading at the 0.9530 zone, recording a 0.3% gain on the day.
AUD/USD levels to watch
As for technical levels, if the AUD/USD managed to break above 0.9540/45, next resistances could be faced at 0.9575 (Oct 29 high), 0.9600 (psychological level) and 0.9625 (Oct 25 high). On the other hand, next supports are seen at 0.9485 (daily low) and 0.9463 (Nov 5 low).