30 Jan 2014
AUD/USD at daily highs
FXstreet.com (Córdoba) - The Australian dollar is the only currency among majors posting gains versus the greenback Thursday despite soft Chinese and domestic data, supported by the AUD/NZD surge.
The AUD/USD managed to advance during the European session, although the rise stalled a few pips ahead of the 200-hour SMA at the 0.8775 area. At time of writing, the AUD/USD is trading at the 0.8770 zone, recording a 0.4% gain on the day, with the pair consolidating above 0.8700 after bottoming out at a multi-year low of 0.8659 last week. During the New York session watch for US jobless claims, GDP and pending home sales.
AUD/USD levels to watch
In terms of technical levels, immediate resistances for the Aussie are seen at 0.8775 (200-hour SMA/day high), 0.8800 (psychological level) and 0.8825 (Jan 29 high). On the flip side, supports could be found at 0.8710 (Jan 30 low), 0.8676 (Jan 27 low) and 0.8659 (Jan 24 low).
The AUD/USD managed to advance during the European session, although the rise stalled a few pips ahead of the 200-hour SMA at the 0.8775 area. At time of writing, the AUD/USD is trading at the 0.8770 zone, recording a 0.4% gain on the day, with the pair consolidating above 0.8700 after bottoming out at a multi-year low of 0.8659 last week. During the New York session watch for US jobless claims, GDP and pending home sales.
AUD/USD levels to watch
In terms of technical levels, immediate resistances for the Aussie are seen at 0.8775 (200-hour SMA/day high), 0.8800 (psychological level) and 0.8825 (Jan 29 high). On the flip side, supports could be found at 0.8710 (Jan 30 low), 0.8676 (Jan 27 low) and 0.8659 (Jan 24 low).