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10 Jun 2014
AUD/USD prints higher high
FXStreet (Córdoba) - The AUD/USD continues to print higher highs on daily basis, having climbed to the 0.9375 area after bottoming out at the 0.9210 zone a couple of weeks ago.
The AUD/USD reached a 3-week high of 0.9375 helped by above forecast NAB business confidence survey for Australia. China data also helped sentiment with May CPI at +2.5% YoY vs 2.4% consensus. At time of writing, the pair is trading at the 0.9365 zone, recording a % gain on the day.
AUD/USD technical levels
In terms of technical levels, if the Aussie breaks above the 0.9375 area, next resistances could be found at 0.9400 (psychological level) and 0.9408 (May 14 high). On the downside, supports are now seen at 0.9340 (Jun 10 low), 0.9318 (Jun 6 low) and 0.9300 (psychological level).
The AUD/USD reached a 3-week high of 0.9375 helped by above forecast NAB business confidence survey for Australia. China data also helped sentiment with May CPI at +2.5% YoY vs 2.4% consensus. At time of writing, the pair is trading at the 0.9365 zone, recording a % gain on the day.
AUD/USD technical levels
In terms of technical levels, if the Aussie breaks above the 0.9375 area, next resistances could be found at 0.9400 (psychological level) and 0.9408 (May 14 high). On the downside, supports are now seen at 0.9340 (Jun 10 low), 0.9318 (Jun 6 low) and 0.9300 (psychological level).