9 Oct 2013
AUD/USD hits fresh daily highs
FXstreet.com (Córdoba) - Following a setback during the Asian session, the AUD/USD found support at the 0.9410 zone and turned positive for the day, supported by the recovery in stocks.
AUD/USD advanced to a fresh daily high of 0.9460 in recent dealings but remains in a familiar range. Despite US shutdown and debt ceiling woes, AUD/USD has shown little interest in reacting negatively and holds a positive tone above 0.9400.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.9455 area, recording a 0.4% gain on the day. If AUD/USD breaks above 0.9460, immediate resistances line up at 0.9483 (Oct 8 high) and 0.9500 (psychological level), while supports are seen at 0.9390 (10-day SMA) and 0.9333 (Oct 2 low).
AUD/USD advanced to a fresh daily high of 0.9460 in recent dealings but remains in a familiar range. Despite US shutdown and debt ceiling woes, AUD/USD has shown little interest in reacting negatively and holds a positive tone above 0.9400.
AUD/USD levels to watch
At time of writing, AUD/USD is trading at the 0.9455 area, recording a 0.4% gain on the day. If AUD/USD breaks above 0.9460, immediate resistances line up at 0.9483 (Oct 8 high) and 0.9500 (psychological level), while supports are seen at 0.9390 (10-day SMA) and 0.9333 (Oct 2 low).