AUD/USD posts highest daily close in 4-months

FXStreet (Córdoba) - The AUD/USD rose for the sixth day in a row on Thursday and posted the highest daily close since November 20. The pair confirm the break of the 0.9200 level and peaked at 0.9271 at the beginning of the American session. Since then it has been moving in a small range between 0.9265 and 0.9245.

The US dollar weakened against commodity currencies on Thursday, extending weekly losses.

Technical levels for the AUD/USD

In the short term, to the upside immediate resistance lies at 0.9270 (March 27 high), 0.9300 (psychological level) and 0.9335. On the opposite direction, support might be located at 0.9240, 0.9210/15 (March 27 low) and 0.9175.