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14 May 2014
AUD/USD flirting with 0.9400
FXStreet (Córdoba) - The AUD/USD is consolidating gains around 0.9400 at the beginning of the American session after the latest bullish attempt found an interim top at 0.9408.
The AUD/USD gained over half a cent Wednesday with some analysts blaming Asian central banks diversification for the move and supported by gold gains. The AUD/USD reached a 1-month high of 0.9408 before losing momentum and settling within a tight range just below. Ahead of the Wall Street opening, the Aussie is trading at 0.9395, recording a 0.39% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find next resistances at 0.9408 (May 14 high), 0.9425 (Apr 11 high) and 0.9460 (Apr 10 low). On the other hand, supports are seen at 0.9352 (May 14 low), 0.9332 (May 13 low) and 0.9315 (20-day SMA).
The AUD/USD gained over half a cent Wednesday with some analysts blaming Asian central banks diversification for the move and supported by gold gains. The AUD/USD reached a 1-month high of 0.9408 before losing momentum and settling within a tight range just below. Ahead of the Wall Street opening, the Aussie is trading at 0.9395, recording a 0.39% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find next resistances at 0.9408 (May 14 high), 0.9425 (Apr 11 high) and 0.9460 (Apr 10 low). On the other hand, supports are seen at 0.9352 (May 14 low), 0.9332 (May 13 low) and 0.9315 (20-day SMA).