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17 Jul 2013
AUD/USD test 0.9280 on dovish Bernanke
FXstreet.com (Barcelona) -The apparent dovish tone from Benanke’s testimony plus poor data from the US housing sector boosted the AUD/USD to the boundaries of 0.9280, posting fresh weekly highs at the same time.
AUD/USD looking to 0.9300
The next relevant resistance band for the pair will be last week’s peaks around 0.9300 the figure, although that levels could be tested any time soon if the weakness around the greenback intensifies. Next on tap in the FX space will be the Q&A session after Bernanke’s testimony, expected to bring in more fireworks.
AUD/USD levels to watch
The pair is now advancing 0.04% at 0.9256 with the next resistance at 0.9306 (high Jul.11) ahead of 0.9340 (high Jun.26). On the other hand, a dip below 0.9192 (low Jul.17) would bring 0.9152 (MA10d) and finally 0.9122 (high Jul.15).
AUD/USD looking to 0.9300
The next relevant resistance band for the pair will be last week’s peaks around 0.9300 the figure, although that levels could be tested any time soon if the weakness around the greenback intensifies. Next on tap in the FX space will be the Q&A session after Bernanke’s testimony, expected to bring in more fireworks.
AUD/USD levels to watch
The pair is now advancing 0.04% at 0.9256 with the next resistance at 0.9306 (high Jul.11) ahead of 0.9340 (high Jun.26). On the other hand, a dip below 0.9192 (low Jul.17) would bring 0.9152 (MA10d) and finally 0.9122 (high Jul.15).