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6 Mar 2014
AUD/USD hits 2-week high
FXStreet (Córdoba) - The AUD/USD extended gains during the European session and reached its highest in over 2 weeks as solid Australian data boosted the Aussie.
The AUD/USD managed to break above the 0.9000 psychological level and even though the pair initially stalled at the 0.9030 zone, it resumed the upside following a short-lived correction. At time of writing, the AUD/USD is trading at the 0.9045 zone, recording a 0.7% gain on the day, having hit a high of 0.9056 in recent dealings.
AUD/USD levels to watch
As for technical levels, the AUD/USD could find immediate resistances at 0.9056 (Mar 6 high), 0.9080 (Feb 18 high), 0.9090 (100-day SMA) and 0.9100 (psychological level). On the other hand, supports are seen at 0.8972 (Mar 6 low), 0.8933 (Mar 5 low) and 0.8900 (psychological level).
The AUD/USD managed to break above the 0.9000 psychological level and even though the pair initially stalled at the 0.9030 zone, it resumed the upside following a short-lived correction. At time of writing, the AUD/USD is trading at the 0.9045 zone, recording a 0.7% gain on the day, having hit a high of 0.9056 in recent dealings.
AUD/USD levels to watch
As for technical levels, the AUD/USD could find immediate resistances at 0.9056 (Mar 6 high), 0.9080 (Feb 18 high), 0.9090 (100-day SMA) and 0.9100 (psychological level). On the other hand, supports are seen at 0.8972 (Mar 6 low), 0.8933 (Mar 5 low) and 0.8900 (psychological level).