Forex: AUD/USD reverses course, back to fresh session highs

FXstreet.com (Barcelona) - Aussie started the week with a positive stance printing early session highs near 1.0554, but it wasn't for long, as following poor domestic data from jobs and housing fronts lead the pair to the downside, triggering stops below the 1.0525 mark, FXWW founder Sean Lee reported, trading as low as 1.0521 for the session so far.

Then it came FED Evans speaking from Hong-Kong, with Tokyo markets close, and USD started to weaken across the board. Iron ore prices falling was not helping the Aussie to the upside either. But it then opened Hong-Kong with a positive tone, last up +0.63% for the day so far, and AUDUSD started to pare loses, last at fresh session highs up +0.2% since previous weekly close Friday.

Immediate resistance to the upside shows at Sept 13 highs 1.0568, followed by Dec 12 highs at 1.0586, and Thursday's highs at 1.0600. To the downside, closest support lies at Friday's weekly closing price and Thursday's highs 1.0535, followed by today's lows 1.0521, and Jan 07 highs at 1.0513.