11 Jul 2013
AUD/USD holding above 0.9200
FXstreet.com (Barcelona) - The AUD/USD foreign exchange rate is last trading at 0.9218 off recent session highs at 0.9240, printed on the back of dovish comments from FED Bernanke, few hours away of key risk event for the Asia-Pacific in the form of Australian Jobs data at 01:30 GMT.
AUD/USD next resistance at 0.9250
According to FXWW founder Sean Lee, Aussie's “next resistance is at .9250 and if that holds, we could see a pull-back towards .9125 so let’s see how it plays out.” The pair is up +1.84% for the week so far, mostly on the back of USD weakness across the board.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at mentioned recent session highs 0.9240, followed by July 01 highs at 0.9251, and June 28 highs at 0.9288. To the downside, closest support lies at past Friday's highs 0.9186, followed by Monday's highs at 0.9148, and late NY session lows at 0.9090.
AUD/USD next resistance at 0.9250
According to FXWW founder Sean Lee, Aussie's “next resistance is at .9250 and if that holds, we could see a pull-back towards .9125 so let’s see how it plays out.” The pair is up +1.84% for the week so far, mostly on the back of USD weakness across the board.
AUD/USD key technical levels
Immediate resistance to the upside for AUD/USD shows at mentioned recent session highs 0.9240, followed by July 01 highs at 0.9251, and June 28 highs at 0.9288. To the downside, closest support lies at past Friday's highs 0.9186, followed by Monday's highs at 0.9148, and late NY session lows at 0.9090.