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26 Feb 2015
AUD/USD hits fresh monthly highs at 0.7910
FXStreet (Mumbai) - AUD/USD regained strength in the European session, shaving off dismal capex data induced losses from the Asian trading, after US dollar retreated across board ahead of key US macro data.
AUD/USD wavers circa 0.79 barrier
Currently, the AUD/USD trades higher by 0.18% at 0.7901 levels, having posted fresh monthly highs at 0.7910 levels. AUD/USD recovered losses and stormed higher this session after US dollar fell back in red, resuming its downside momentum for the third day in a row. Moreover, rally in gold and silver prices also pulled the Aussie higher.
Meanwhile, traders now focus on US CPI data, unemployment claims and durable goods orders data to gauge further moves on the Aussie.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7947 (50-DMA) levels, above which gains could be extended to 0.7979 levels. On the flip side, support is seen at 0.7853 (5-DMA) from here it to 0.7830 (10-DMA) levels.
AUD/USD wavers circa 0.79 barrier
Currently, the AUD/USD trades higher by 0.18% at 0.7901 levels, having posted fresh monthly highs at 0.7910 levels. AUD/USD recovered losses and stormed higher this session after US dollar fell back in red, resuming its downside momentum for the third day in a row. Moreover, rally in gold and silver prices also pulled the Aussie higher.
Meanwhile, traders now focus on US CPI data, unemployment claims and durable goods orders data to gauge further moves on the Aussie.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7947 (50-DMA) levels, above which gains could be extended to 0.7979 levels. On the flip side, support is seen at 0.7853 (5-DMA) from here it to 0.7830 (10-DMA) levels.