27 Jun 2014
AUD/USD tops out at 0.9440
FXStreet (Córdoba) - The AUD/USD is correcting intraday gains at the beginning of the European session as the dollar recovers across the board.
Mostly driven by USD weakness, the AUD/USD extended gains to a high of 0.9440 Friday, stalling a few pips ahead of this week peak of 0.9444. The AUD/USD has retreated to the 0.9420 zone where it holds onto a % daily gain.
“Solid resistance is eyed at 0.9445/0.9461 (week high/2014 pick).Trend and momentum indicators are marginally positive, a daily close above 0.9385 should keep the bias on the topside”, said Ipek Ozkardeskaya, analyst at Swissquote Bank SA.
AUD/USD technical levels
As for technical levels, the Aussie could face next resistances at 0.9440 (Jun 27 high), 0.9444 (Jun 23 high) and 0.9460 (2014 high Apr 10). On the flip side, supports are seen at 0.9395 (10-day SMA), 0.9353 (Jun 25 low) and 0.9321 (Jun 18 low).
Mostly driven by USD weakness, the AUD/USD extended gains to a high of 0.9440 Friday, stalling a few pips ahead of this week peak of 0.9444. The AUD/USD has retreated to the 0.9420 zone where it holds onto a % daily gain.
“Solid resistance is eyed at 0.9445/0.9461 (week high/2014 pick).Trend and momentum indicators are marginally positive, a daily close above 0.9385 should keep the bias on the topside”, said Ipek Ozkardeskaya, analyst at Swissquote Bank SA.
AUD/USD technical levels
As for technical levels, the Aussie could face next resistances at 0.9440 (Jun 27 high), 0.9444 (Jun 23 high) and 0.9460 (2014 high Apr 10). On the flip side, supports are seen at 0.9395 (10-day SMA), 0.9353 (Jun 25 low) and 0.9321 (Jun 18 low).