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29 Dec 2014
AUD/USD rises to 1-week highs
FXStreet (Córdoba) - The aussie rose further against the US dollar and climbed to 0.8161 reaching the highest level since last Monday.
The AUD/USD pair currently trades at 0.8150, up 35 pips from today’s opening price. The retreated from the highs found support at 0.8145.
Recovery continues
Last week AUD/USD bottomed at 0.8086, the lowest since June 2010 and then started to recover. So far it has been able to rise almost a hundred pips from the lows and the short term technical outlook of the aussie has improved but the main trend remains bearish.
The AUD/USD pair currently trades at 0.8150, up 35 pips from today’s opening price. The retreated from the highs found support at 0.8145.
Recovery continues
Last week AUD/USD bottomed at 0.8086, the lowest since June 2010 and then started to recover. So far it has been able to rise almost a hundred pips from the lows and the short term technical outlook of the aussie has improved but the main trend remains bearish.