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17 Sep 2013
AUD/USD makes new highs
FXstreet.com (Córdoba) - The AUD/USD regained the upside and climbed to fresh daily highs after dipping below the 0.9300 mark in the wake of the RBA minutes.
USD pressured ahead of FOMC
The Australian dollar managed to recover ground after bottoming out at the 0.9285 zone, underpinned by positive sentiment and as the greenback remains under pressure ahead of the FOMC meeting that begins today. The AUD/USD has risen more than 50 pips throughout the European session and peaked at 0.9339 before easing slightly. At time of writing, AUD/USD is trading around 0.9335, recording a 0.2% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).
USD pressured ahead of FOMC
The Australian dollar managed to recover ground after bottoming out at the 0.9285 zone, underpinned by positive sentiment and as the greenback remains under pressure ahead of the FOMC meeting that begins today. The AUD/USD has risen more than 50 pips throughout the European session and peaked at 0.9339 before easing slightly. At time of writing, AUD/USD is trading around 0.9335, recording a 0.2% gain on the day.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).