5 Feb 2014
AUD/USD resumes rise, back above 0.8900
FXStreet (Córdoba) - Following a downward corrective phase, the AUD/USD managed to resume the advance during the European session.
The AUD/USD regained the 0.8900 level but failed to break above yesterday's high, stalling just a few pips shy at 0.8937. The AUD/USD received a boost Tuesday after the RBA dropped its easing bias and refrain from commenting about a currency that remains uncomfortably high. The pair rallied over 150 pips before finding resistance at the 0.8940 area.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.8920 zone, virtually unchanged on the day, with immediate resistances at 0.8940 (Feb 4 high), 0.8970 (Jan 15 high) and 0.9000 (psychological level). On the other hand, supports are seen at 0.8873 (Feb 5 low), 0.8800 (psychological level) and 0.8730 (Feb 4 low).
The AUD/USD regained the 0.8900 level but failed to break above yesterday's high, stalling just a few pips shy at 0.8937. The AUD/USD received a boost Tuesday after the RBA dropped its easing bias and refrain from commenting about a currency that remains uncomfortably high. The pair rallied over 150 pips before finding resistance at the 0.8940 area.
AUD/USD technical levels
At time of writing, the AUD/USD is trading at the 0.8920 zone, virtually unchanged on the day, with immediate resistances at 0.8940 (Feb 4 high), 0.8970 (Jan 15 high) and 0.9000 (psychological level). On the other hand, supports are seen at 0.8873 (Feb 5 low), 0.8800 (psychological level) and 0.8730 (Feb 4 low).