13 Jun 2014
AUD/USD rebounds and climbs back to 0.9400
FXStreet (Córdoba) - The AUD/USD moved most of the day with a downside bias, retreating after peaking on Thursday at 0.9436, but on American hours found support and climbed back toward 0.9400.
On Friday the pair bottomed at 0.9373 but then bounced to the upside and currently trades at 0.9401, down 0.27% for the day, but still headed toward a weekly gain, the fourth in a row.
AUD/USD levels to watch
To the upside, the pair failed to consolidate above 0.9430 that is an important resistance; above the next level to consider is 0.9460 (April 10 high). On the downside, immediate support could be located at 0.9370/75 (daily low and hourly uptrend line).
On Friday the pair bottomed at 0.9373 but then bounced to the upside and currently trades at 0.9401, down 0.27% for the day, but still headed toward a weekly gain, the fourth in a row.
AUD/USD levels to watch
To the upside, the pair failed to consolidate above 0.9430 that is an important resistance; above the next level to consider is 0.9460 (April 10 high). On the downside, immediate support could be located at 0.9370/75 (daily low and hourly uptrend line).