25 Jun 2014
AUD/USD climbs above 0.9400
FXStreet (Córdoba) - The AUD/USD rose further after the Wall Street closing bell hitting at 0.9406, the highest price since Tuesday’s European session. The pair is holding above 0.9400 ahead of the Asian session.
On Wednesday the Aussie is rising 0.40% against the US dollar erasing most of yesterday’s losses but still holds below a key resistance area located around 0.9430.
AUD/USD moving between 0.9200 and 0.9430
During the last three months the pair has been moving sideways between 0.9430 and 0.9200. Currently the pair holds a slightly bullish bias in the short term, after bouncing from 0.9220 at the beginning of the month.
Today the AUD/USD bottomed at 0.9350, where the 20-day SMA lies and rebounded to the upside. A close below could trigger a decline toward the key medium term support around 0.9200.
On Wednesday the Aussie is rising 0.40% against the US dollar erasing most of yesterday’s losses but still holds below a key resistance area located around 0.9430.
AUD/USD moving between 0.9200 and 0.9430
During the last three months the pair has been moving sideways between 0.9430 and 0.9200. Currently the pair holds a slightly bullish bias in the short term, after bouncing from 0.9220 at the beginning of the month.
Today the AUD/USD bottomed at 0.9350, where the 20-day SMA lies and rebounded to the upside. A close below could trigger a decline toward the key medium term support around 0.9200.