15 Oct 2013
AUD/USD eases from 4-month high
FXstreet.com (Córdoba) - Supported by RBA's minutes and better risk sentiment, the AUD/USD rose to a fresh 4-month high and became one of the top performers Tuesday.
The AUD/USD climbed to its highest since June 19 at 0.9547 before losing momentum on a broader USD comeback. At time of writing, AUD/USD is trading around 0.9525, still 0.4% above its opening price as investors continue to watch for news on the US budget deadlock.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks above 0.9547/50, next resistances line up at 0.9572 (Jun 18 high) and 0.9600 (psychological level). On the flip side, immediate supports could be found at 0.9500 (psychological level), 0.9475 (daily low) and 0.9440 (10-day SMA).
The AUD/USD climbed to its highest since June 19 at 0.9547 before losing momentum on a broader USD comeback. At time of writing, AUD/USD is trading around 0.9525, still 0.4% above its opening price as investors continue to watch for news on the US budget deadlock.
AUD/USD technical levels
As for technical levels, if AUD/USD breaks above 0.9547/50, next resistances line up at 0.9572 (Jun 18 high) and 0.9600 (psychological level). On the flip side, immediate supports could be found at 0.9500 (psychological level), 0.9475 (daily low) and 0.9440 (10-day SMA).