10 Dec 2013
AUD/USD breaks to fresh highs
FXstreet.com (Córdoba) - The AUD/USD managed to erase intraday losses and climbed to fresh daily highs during the European session, triggering stops on the break of the 0.9115 zone.
Following a sideways phase within 0.9070/0.9115, the AUD/USD broke to the upside and climbed to a fresh high of 0.9127, just 1 pip shy of yesterday's peak, which is now the next hurdle to overcome. At time of writing, the AUD/USD is trading at the 0.9120 zone, recording a 0.1% gain on the day.
AUD/USD technical levels
If the AUD/USD rises above 0.9128, next resistances could be found at 0.9145 (Dec 3 high) and 0.9167 (Dec 2 high). On the other hand, a loss of the 0.9070 short-term support could send the pair towards 0.9040 (61.8 Fibonacci of 0.8989/0.9128) and then to 0.9000 (psychological level).
Following a sideways phase within 0.9070/0.9115, the AUD/USD broke to the upside and climbed to a fresh high of 0.9127, just 1 pip shy of yesterday's peak, which is now the next hurdle to overcome. At time of writing, the AUD/USD is trading at the 0.9120 zone, recording a 0.1% gain on the day.
AUD/USD technical levels
If the AUD/USD rises above 0.9128, next resistances could be found at 0.9145 (Dec 3 high) and 0.9167 (Dec 2 high). On the other hand, a loss of the 0.9070 short-term support could send the pair towards 0.9040 (61.8 Fibonacci of 0.8989/0.9128) and then to 0.9000 (psychological level).