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16 Aug 2013
AUD/USD hits 4-day high
FXstreet.com (Córdoba) - The AUD/USD pushed toward fresh daily highs at the beginning of the American session, as the greenback softened in the wake of lower-than-expected housing data.
AUD/USD rises above 0.9200
AUD/USD climbed to a high of 0.9214 but lost momentums a few pips ahead of its Aug 12 high of 0.9220. At time of writing, AUD/USD is trading at the 0.9190 zone, where it records a 0.5% gain on the day.
AUD/USD technical levels
“The AUD/USD tested again the 0.9200 area, entering US session with a strong upward momentum in the short term, as the hourly chart shows indicators heading north in positive territory and price well above a bullish 20 SMA”, says Valeria Bednarik, chief analyst at FXstreet.com. “In the 4 hours chart technical readings are also bullish, although price needs to break above 0.9220 weekly high, to confirm an upward extension today”.
AUD/USD rises above 0.9200
AUD/USD climbed to a high of 0.9214 but lost momentums a few pips ahead of its Aug 12 high of 0.9220. At time of writing, AUD/USD is trading at the 0.9190 zone, where it records a 0.5% gain on the day.
AUD/USD technical levels
“The AUD/USD tested again the 0.9200 area, entering US session with a strong upward momentum in the short term, as the hourly chart shows indicators heading north in positive territory and price well above a bullish 20 SMA”, says Valeria Bednarik, chief analyst at FXstreet.com. “In the 4 hours chart technical readings are also bullish, although price needs to break above 0.9220 weekly high, to confirm an upward extension today”.