Forex: AUD/USD showing signs of life; hits 2-month high
Forex pairs in this Article » AUD/USD
FXstreet.com (San Francisco) - The Australian dollar has gained about 0.3 percent to 1.0488 from the close Friday, its highest level since Sep. 21, as sentiment turns positive in reaction to news that near-bankrupt Greece will receive its next tranche of loans after EU officials and the International Monetary Fund reached agreement. Next bullish target for AUDUSD lies at 1.0515 (Sep 21 high) and 1.0545 (Aug 23 high), while support levels are noted at 1.0455 (Nov 14 high), 1.0410 (Oct 18 high) and 1.0395 (Oct 25 high). From here, investors are likely to sit tight for further signs of life with little data on offer this Tuesday in Asia.