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5 Sep 2014
AUD/USD resumes rise, aiming 0.9400
FXStreet (Córdoba) - The Australian dollar is back headed north following a pullback from a 5-week high scored the previous day.
Solid domestic data, comments from RBA Stevens and EUR/AUD fall helped AUD/USD Thursday, which rallied to its highest level since late July, although the Aussie lacked momentum to clear the 0.9400 level and stalled just a few pips shy of.
AUD/USD retraced most of yesterday’s gains but was contained by the 0.9330 area (former resistance turned into support) and resumed the advance, having climbed to the 0.9365 area so far, as investors await the US nonfarm payrolls report.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.9360, up 0.14% on the day and poised to post its fourth weekly gain in a row. As for technical levels, immediate resistances are seen at 0.9392 (Sept 4 high), 0.9400 (psychological level) and 0.9415 (Jul 29 high). On the other hand, supports could be found at 0.9331/27 (intraday low/10-day SMA) and 0.9310 (21-day SMA).
Solid domestic data, comments from RBA Stevens and EUR/AUD fall helped AUD/USD Thursday, which rallied to its highest level since late July, although the Aussie lacked momentum to clear the 0.9400 level and stalled just a few pips shy of.
AUD/USD retraced most of yesterday’s gains but was contained by the 0.9330 area (former resistance turned into support) and resumed the advance, having climbed to the 0.9365 area so far, as investors await the US nonfarm payrolls report.
AUD/USD technical levels
At time of writing, AUD/USD is trading at 0.9360, up 0.14% on the day and poised to post its fourth weekly gain in a row. As for technical levels, immediate resistances are seen at 0.9392 (Sept 4 high), 0.9400 (psychological level) and 0.9415 (Jul 29 high). On the other hand, supports could be found at 0.9331/27 (intraday low/10-day SMA) and 0.9310 (21-day SMA).