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Trading news
22 Feb 2013
Forex: AUD/USD pushes higher, hits 2-day peak
The Australian dollar continues to recover ground against the greenback ahead of the NY open, with AUD/USD reaching 2-day highs still underpinned by RBA Stevens comments, which sounded surprisingly less dovish-than-usual.
After touching a 4-month low of 1.0219 on Thursday, the AUD/USD received a boost during the Asian session and rallied over 90 pips throughout the day to hit a 2-day peak of 1.0339 in recent dealings. At time of writing, AUD/USD is trading around 1.0330, recording a 0.8% daily gain after 2 consecutive losses.
As for technical levels, the Mataf.net analyst team locates immediate resistances at 1.0340, 1.0365 and 1.0385, while they see supports at 1.0320, 1.0295 and 1.0265.
After touching a 4-month low of 1.0219 on Thursday, the AUD/USD received a boost during the Asian session and rallied over 90 pips throughout the day to hit a 2-day peak of 1.0339 in recent dealings. At time of writing, AUD/USD is trading around 1.0330, recording a 0.8% daily gain after 2 consecutive losses.
As for technical levels, the Mataf.net analyst team locates immediate resistances at 1.0340, 1.0365 and 1.0385, while they see supports at 1.0320, 1.0295 and 1.0265.