8 Apr 2014
AUD/USD extends advance to 0.9350
FXStreet (San Francisco) - The Australian dollar is extending gains above the 0.9300 area against the US dollar as the AUD/USD is reaching fresh 2014 highs around 0.9350.
The AUD/USD finally broke the 0.9300 area in the European session to 0.9340 as market seems to be looking for high yielders. Then the pair extended gains just ahead of the American opening bell to highst since November 20.
Currently, AUD/USD is trading at 0.9344, up 0.79% on the day, having posted a daily high at 0.9351 and low at 0.9261. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels to watch
Market says a barrier option interest at 0.9350 and 0.9400. Resistances are at 0.9351 (Daily High), 0.9400 and 0.9440. On the downside, supports are at 0.9325, 0.9300 and 0.9290.
The AUD/USD finally broke the 0.9300 area in the European session to 0.9340 as market seems to be looking for high yielders. Then the pair extended gains just ahead of the American opening bell to highst since November 20.
Currently, AUD/USD is trading at 0.9344, up 0.79% on the day, having posted a daily high at 0.9351 and low at 0.9261. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
AUD/USD levels to watch
Market says a barrier option interest at 0.9350 and 0.9400. Resistances are at 0.9351 (Daily High), 0.9400 and 0.9440. On the downside, supports are at 0.9325, 0.9300 and 0.9290.