Forex: AUD/USD prints fresh 2-week high
Forex pairs in this Article »
AUD/USD
FXstreet.com (Córdoba) - Even though market sentiment deteriorated further on Thursday, the Australian dollar has managed to rise against the greenback and recently printed a marginal new high.
AUDUSD climbed toward a 2-week high of 1.0526 but found resistance and pulled back to currently trade at the 1.0515 area, where it records a 0.1% gain on the day.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that despite overbought readings, technical indicators hold the bullish tone in 4-hour charts leaving room for a test of strong static resistance around 1.0550 in the upcoming sessions.
AUDUSD climbed toward a 2-week high of 1.0526 but found resistance and pulled back to currently trade at the 1.0515 area, where it records a 0.1% gain on the day.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that despite overbought readings, technical indicators hold the bullish tone in 4-hour charts leaving room for a test of strong static resistance around 1.0550 in the upcoming sessions.
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