19 Nov 2013
AUD/USD eases from highs
FXstreet.com (Córdoba) - The AUD/USD broke above the 0.9420 zone and jumped to a fresh 11-day high during the European session amid news the People's Bank of China will widen the Yuan's band.
The AUD/USD spike to a high of 0.9446 but failed to sustain gains and pulled back to previous levels. With the dip contained by the 0.9405 zone, the pair has spent the last hours in a slim range within 0.9410/0.9425 and it was last up 0.4% at the 0.9415 zone.
AUD/USD technical levels
In terms of technical levels, resistances for AUD/USD line up at 0.9446 (daily high), 0.9468 (21-day SMA) and 0.9500 (psychological level). On the other hand, supports are seen at 0.9351 (daily low/100-hour SMA) and 0.9305 (Nov 15 low).
The AUD/USD spike to a high of 0.9446 but failed to sustain gains and pulled back to previous levels. With the dip contained by the 0.9405 zone, the pair has spent the last hours in a slim range within 0.9410/0.9425 and it was last up 0.4% at the 0.9415 zone.
AUD/USD technical levels
In terms of technical levels, resistances for AUD/USD line up at 0.9446 (daily high), 0.9468 (21-day SMA) and 0.9500 (psychological level). On the other hand, supports are seen at 0.9351 (daily low/100-hour SMA) and 0.9305 (Nov 15 low).