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31 Oct 2013
AUD/USD hovering over 0.9500
FXstreet.com (Córdoba) - The AUD/USD printed fresh daily highs above 0.9500 during the European session although the Aussie is struggling to hold gains into the American opening.
The AUD/USD rose to a 2-day high of 0.9525 but lacked momentum ahead of the 21-day SMA and pulled back slightly. At time of writing, AUD/USD is trading at 0.9505, still up 0.3% on the day ahead of US jobless claims data. Upbeat Australian building approvals data and NZD gains helped to underpin the AUD during the Asian session.
AUD/USD levels to watch
In terms of technical levels, if AUD/USD breaks above 0.9525/30, next resistances could be found at 0.9590 (10-day SMA) and 0.9622 (Oct 28 high). On the flip side, supports are now seen at 0.9475 (intraday support) and 0.9440 (Oct 30 low).
The AUD/USD rose to a 2-day high of 0.9525 but lacked momentum ahead of the 21-day SMA and pulled back slightly. At time of writing, AUD/USD is trading at 0.9505, still up 0.3% on the day ahead of US jobless claims data. Upbeat Australian building approvals data and NZD gains helped to underpin the AUD during the Asian session.
AUD/USD levels to watch
In terms of technical levels, if AUD/USD breaks above 0.9525/30, next resistances could be found at 0.9590 (10-day SMA) and 0.9622 (Oct 28 high). On the flip side, supports are now seen at 0.9475 (intraday support) and 0.9440 (Oct 30 low).