10 Oct 2013
AUD/USD retests highs
FXstreet.com (Córdoba) - The AUD/USD rose to retest daily highs during the American session underpinned by strong stocks gains and prospects of a 6-week extension on the US debt ceiling.
The AUD/USD had fallen to a low of 0.9388 during the Asian session in the wake of disappointing Australian jobs data but shrugged-off the negative sentiment afterwards and completely reversed losses. However, the AUD/USD recovery stalled once again at the 0.9470 zone.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.9455, still up 0.1% on the day. A break of 0.9470 (daily high) would pave the way to 0.9483 (Oct 8 high) en route to 0.9500 (psychological level). On the flip side, supports are seen at 0.9388 (daily low/20-day SMA) and 0.9365 (Oct 3 low).
The AUD/USD had fallen to a low of 0.9388 during the Asian session in the wake of disappointing Australian jobs data but shrugged-off the negative sentiment afterwards and completely reversed losses. However, the AUD/USD recovery stalled once again at the 0.9470 zone.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.9455, still up 0.1% on the day. A break of 0.9470 (daily high) would pave the way to 0.9483 (Oct 8 high) en route to 0.9500 (psychological level). On the flip side, supports are seen at 0.9388 (daily low/20-day SMA) and 0.9365 (Oct 3 low).