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6 Aug 2014
AUD/USD recovers the tone and tests daily highs around 0.9330
FXStreet (San Francisco) - After a brief rejection at 0.9330, the AUD/USD traded down to price at 0.9315 where the pair found new buying interest and now it is testing back highs.
Currently, AUD/USD is trading at 0.9326, up 0.23% on the day, having posted a daily high at 0.9332 and low at 0.9292. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair manages to break above 0.9330, it would face resistances at 0.9345 (high Aug.5) followed by 0.9390 (high Jul.30) and finally 0.9415 (high Jul.29). On the downside, a break below 0.9275 (low Aug.1) would open the door to 0.9257 (low Jun.5) and then 0.9253 (low Jun.4).
Currently, AUD/USD is trading at 0.9326, up 0.23% on the day, having posted a daily high at 0.9332 and low at 0.9292. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD levels
If the pair manages to break above 0.9330, it would face resistances at 0.9345 (high Aug.5) followed by 0.9390 (high Jul.30) and finally 0.9415 (high Jul.29). On the downside, a break below 0.9275 (low Aug.1) would open the door to 0.9257 (low Jun.5) and then 0.9253 (low Jun.4).