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8 Oct 2013
AUD/USD hits fresh 3-week highs
FXstreet.com (Córdoba) - The AUD/USD pushed through the 0.9450/60 resistance area and rallied to fresh daily highs during the European session.
The AUD/USD triggered stops orders and gathered pace on the break of the Friday's highs and stretched to a fresh 3-week high of 0.9478 before finding the next layer of sellers. At time of writing, AUD/USD is trading at the 0.9470 zone, recording a 0.5% gain on Tuesday.
AUD/USD levels to watch
As for technical levels, if AUD/USD manages to break above 0.9478, next resistances line up at 0.9500/07 (psychological level/38.2% retracement of 1.0581/0.8847) and 0.9528 (Sep 18 high). On the flip side, supports could be found at 0.9408 (100-hour SMA) and 0.9385 (10-day SMA).
The AUD/USD triggered stops orders and gathered pace on the break of the Friday's highs and stretched to a fresh 3-week high of 0.9478 before finding the next layer of sellers. At time of writing, AUD/USD is trading at the 0.9470 zone, recording a 0.5% gain on Tuesday.
AUD/USD levels to watch
As for technical levels, if AUD/USD manages to break above 0.9478, next resistances line up at 0.9500/07 (psychological level/38.2% retracement of 1.0581/0.8847) and 0.9528 (Sep 18 high). On the flip side, supports could be found at 0.9408 (100-hour SMA) and 0.9385 (10-day SMA).