14 Oct 2013
AUD/USD reaches 0.9509, 24 days highs
FXstreet.com (Chicago) - AUD/USD reached 0.9509, 3-week highs, and holds on to key psychological level at 0.95 adding 0.37% daily gains so far ahead of Wall Street’s closing.
Chinese data
Recovering all losses from session lows and downward opening gap, the pair was favored positively by better than expected Chinese data. In the US, the talks continue with no official conclusion about the end of the political crisis and the agreement to meet financial obligations on time.
AUD/USD Technical Levels
Price action reveals a pair that extends the upward trendline from last September 30th reaching 0.9509 session highs and consolidating above the 0.95 zone. Offered at 0.9501, the pair oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (session lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Chinese data
Recovering all losses from session lows and downward opening gap, the pair was favored positively by better than expected Chinese data. In the US, the talks continue with no official conclusion about the end of the political crisis and the agreement to meet financial obligations on time.
AUD/USD Technical Levels
Price action reveals a pair that extends the upward trendline from last September 30th reaching 0.9509 session highs and consolidating above the 0.95 zone. Offered at 0.9501, the pair oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (session lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.