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19 Jun 2013
AUD/USD climbs to highs around 0.9500
FXstreet.com (Edinburgh) - The Aussie dollar is picking up pace at the end of the Asian session on Wednesday, lifting AUD/USD from lows around 0.9440 to the current boundaries of 0.9500 the figure.
AUD/USD propped up by data
Positive results in the Australian economy from the CB Leading Indicator, improving 0.3% in April, and from the Leading Index sponsored by Westpac, up 0.6% on a monthly basis during the same period, have added to the buying interest although the broader picture remains tilted to the downside. Strategists G.Yu and G.Berry at UBS keep the bearish stance on the pair, adding “The recent sell-off has put our focus on the momentum tools to cross lower to indicate resumption of downside. Support is at 0.9416 ahead of 0.9326. Resistance is at 0.9574”
AUD/USD support/resistance levels
At the moment the pair is up 0.10% at 0.9495 facing the next hurdle at 0.9510 (low Jun.17) ahead of0.9526 (MA10d) and finally 0.9574 (high Jun.18). On the flip side, a breakdown of 0.9440 (low Jun.18) would expose 0.9430 (low Jun.13) and then 0.9416 (low Jun.12).
AUD/USD propped up by data
Positive results in the Australian economy from the CB Leading Indicator, improving 0.3% in April, and from the Leading Index sponsored by Westpac, up 0.6% on a monthly basis during the same period, have added to the buying interest although the broader picture remains tilted to the downside. Strategists G.Yu and G.Berry at UBS keep the bearish stance on the pair, adding “The recent sell-off has put our focus on the momentum tools to cross lower to indicate resumption of downside. Support is at 0.9416 ahead of 0.9326. Resistance is at 0.9574”
AUD/USD support/resistance levels
At the moment the pair is up 0.10% at 0.9495 facing the next hurdle at 0.9510 (low Jun.17) ahead of0.9526 (MA10d) and finally 0.9574 (high Jun.18). On the flip side, a breakdown of 0.9440 (low Jun.18) would expose 0.9430 (low Jun.13) and then 0.9416 (low Jun.12).