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17 Oct 2013
AUD/USD prints 4-month high
FXstreet.com (Córdoba) - The AUD/USD soared to a fresh 4-month high of 0.9600 Thursday, propelled by broad USD weakness after the US debt deal.
AUD/USD rises above 0.9600
After a consolidative stage in Asian trade, AUD/USD woke up and rallied more than 70 pips throughout the European session to score its highest since Jun 17 at 0.9607. The pair continues to threaten the psychological level at time of writing, recording a 0.5% gain on the day.
AUD/USD technical levels
In terms of technical levels, should the AUD/USD break decisively above 0.9600/07, next resistances could be found at 0.9640 (Jun 17 high) and 0.9665 (Jun 14 high). On the other hand, supports are seen at 0.9525 (daily low), 0.9500 (psychological level) and 0.9480 (10-day SMA).
AUD/USD rises above 0.9600
After a consolidative stage in Asian trade, AUD/USD woke up and rallied more than 70 pips throughout the European session to score its highest since Jun 17 at 0.9607. The pair continues to threaten the psychological level at time of writing, recording a 0.5% gain on the day.
AUD/USD technical levels
In terms of technical levels, should the AUD/USD break decisively above 0.9600/07, next resistances could be found at 0.9640 (Jun 17 high) and 0.9665 (Jun 14 high). On the other hand, supports are seen at 0.9525 (daily low), 0.9500 (psychological level) and 0.9480 (10-day SMA).