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4 Aug 2014
AUD/USD hits fresh high at 0.9330
FXStreet (Córdoba) - The AUD/USD rose further during the American session and hit a fresh daily high at 0.9330 as the currency market remains quiet on Monday. Price holds near daily highs but unable to break above 0.9330.
The immediate resistance is located at 0.9330/35 (daily high and August 1 high). Above here the next level of short term resistance could be located at 0.9360 (July 22 low).
During the European session the AUD/USD found support at 0.9307 and then bounced to the upside, toward daily highs. Below 0.9307, support might lie at 0.9295 followed by 0.9285 and the important 0.9275, where Friday’s lows lie.
The immediate resistance is located at 0.9330/35 (daily high and August 1 high). Above here the next level of short term resistance could be located at 0.9360 (July 22 low).
During the European session the AUD/USD found support at 0.9307 and then bounced to the upside, toward daily highs. Below 0.9307, support might lie at 0.9295 followed by 0.9285 and the important 0.9275, where Friday’s lows lie.