Forex: AUD/USD holds near 3-month high

FXstreet.com (Buenos Aires) - The Australian dollar remains among the best performers against the greenback, having reached today a fresh 3-month high at 1.0454, trading barely 20 pips below at the time being. According to the FXMarketAlerts Team, "Supporting AUD has been the surprising uptick in equities, which is going against consensus beliefs that the current earnings season would depress equities, sending AUD lower with risk appetites."

The pair hovers around previous week high of 1.0443, having been as low as 1.0426 after peaking at 1.0454, turned now into immediate resistance level. Above it, 1.0470, past April monthly high is next ahead of psychological 1.0500 figure. To the downside, 1.0400 and 1.0360, 61.8% retracement of this year fall, are the short term supports to follow.