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17 Apr 2014
AUD/USD hit fresh highs, approaches 0.9400
FXStreet (Córdoba) - The AUD/USD rose early in Tokyo from 0.9365 to 0.9390, hitting levels above yesterday’s highs. The US dollar weakened across the board pushing the pair to the upside. Price remains near daily highs, currently trading at 0.9388, 0.21% up for the day.
Above the highs immediate resistance lies around 0.9395 - 0.9400 and above here at 0.9425 (April 11, April 14 high) and 0.9460 (April 10 high). To the downside immediate support is located around session lows at 0.9360/65 and below here 0.9330.
With the recent recovery the AUD/USD erased weekly losses and is trading at the same price level it had at the beginning of the week.
Above the highs immediate resistance lies around 0.9395 - 0.9400 and above here at 0.9425 (April 11, April 14 high) and 0.9460 (April 10 high). To the downside immediate support is located around session lows at 0.9360/65 and below here 0.9330.
With the recent recovery the AUD/USD erased weekly losses and is trading at the same price level it had at the beginning of the week.