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18 Oct 2013
AUD/USD bounces at 0.9650 and attacks 4 ½-month highs again
FXstreet.com (San Francisco) - After reaching fresh 4 ½ months highs at 0.9675, the Aussie retraced to 0.9650 against the US Dollar but the pair found support at this level and bounced to test highs again.
Currently the AUD/USD is trading at 0.9665, 0.35% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum indicators are pointing to the north while the Stochastic is bearish.
On the upside, immediate resistances are seen at 0.9675 (daily high), 0.9700 (psychological level) and 0.9760 (200-day SMA). On the downside, supports could be found at 0.9605 (daily low) and 0.9550 (100-hour SMA).
Currently the AUD/USD is trading at 0.9665, 0.35% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum indicators are pointing to the north while the Stochastic is bearish.
On the upside, immediate resistances are seen at 0.9675 (daily high), 0.9700 (psychological level) and 0.9760 (200-day SMA). On the downside, supports could be found at 0.9605 (daily low) and 0.9550 (100-hour SMA).