Forex: AUD/USD soars to weekly high at 1.0448
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - AUDUSD has soared this afternoon in line with a bout of widespread USD weakening across markets as the European session comes to a close and the US sees especially low volume due to a Thanksgiving overhang.
The pair, previously trading below the daily Camarilla R2 resistance level at 1.0399, broke higher and has currently found some resistance at 1.0442, below the 14th November high at 1.0460. With an empty calendar ahead and low volume on a Friday afternoon, continued bursts of movement are a possibility in the run up to the close. This weekend itself looks like holding some distinct event risk with the Catalan independence referendum in Spain.
Elsewhere, European stocks look to close up with their US cousins and commodities in close pursuit.
The pair, previously trading below the daily Camarilla R2 resistance level at 1.0399, broke higher and has currently found some resistance at 1.0442, below the 14th November high at 1.0460. With an empty calendar ahead and low volume on a Friday afternoon, continued bursts of movement are a possibility in the run up to the close. This weekend itself looks like holding some distinct event risk with the Catalan independence referendum in Spain.
Elsewhere, European stocks look to close up with their US cousins and commodities in close pursuit.
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