3 Dec 2013
AUD/USD climbs above 0.9100
FXstreet.com (Córdoba) - The AUD/USD managed to erase early losses and printed fresh daily highs at the beginning of the New York session.
AUD/USD capped by 200-hour SMA
The Australian dollar shrugged-off weakness incurred in the wake of the RBA decision to leave policy unchanged and bounced from a low of 0.9055 back above 0.9100. The AUD/USD climbed to a peak of 0.9124 but found resistance at the 200-hour SMA and pulled back slightly to currently trade around 0.9120, recording a 0.2% gain on the day.
AUD/USD technical outlook
"The long term outlook remains bearish, with advances being seen as selling opportunities up to 0.9200 today", says Valeria Bednarik, chief analyst at FXstreet.com. The analyst sees next resistances at 0.9150, 0.9200 and 0.9245, while supports are seen at 0.9100, 0.9060 and 0.9020.
AUD/USD capped by 200-hour SMA
The Australian dollar shrugged-off weakness incurred in the wake of the RBA decision to leave policy unchanged and bounced from a low of 0.9055 back above 0.9100. The AUD/USD climbed to a peak of 0.9124 but found resistance at the 200-hour SMA and pulled back slightly to currently trade around 0.9120, recording a 0.2% gain on the day.
AUD/USD technical outlook
"The long term outlook remains bearish, with advances being seen as selling opportunities up to 0.9200 today", says Valeria Bednarik, chief analyst at FXstreet.com. The analyst sees next resistances at 0.9150, 0.9200 and 0.9245, while supports are seen at 0.9100, 0.9060 and 0.9020.