1 Jul 2013
AUD/USD extends gains above 0.9200
FXstreet.com (Córdoba) - The AUD/USD pushed to fresh daily highs at the beginning of the American session, underpinned by the positive opening in Wall Street and mixed US data.
AUD/USD rises after US data
AUD/USD broke above the 0.9200 mark and stretched to a high of 0.9225 following the US ISM manufacturing PMI reading for June, which showed the employment component contracted for first time since September 2009. At time of writing, AUD/USD is trading around 0.9220, where it records a 1.2% daily gain.
In terms of technical levels, immediate resistances could be faced at 0.9225 (daily high) and 0.9260 (10-day SMA), while supports are seen at 0.9150 (intraday support) and 0.9100 (psychological level).
AUD/USD rises after US data
AUD/USD broke above the 0.9200 mark and stretched to a high of 0.9225 following the US ISM manufacturing PMI reading for June, which showed the employment component contracted for first time since September 2009. At time of writing, AUD/USD is trading around 0.9220, where it records a 1.2% daily gain.
In terms of technical levels, immediate resistances could be faced at 0.9225 (daily high) and 0.9260 (10-day SMA), while supports are seen at 0.9150 (intraday support) and 0.9100 (psychological level).