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31 Dec 2013
AUD/USD oscillates above 0.8900
FXstreet.com (Córdoba) - The AUD/USD resumed the upside and is back headed toward daily highs after the latest upside attempt was capped by the 0.8950 zone.
The AUD/USD is advancing for a second day in a row Tuesday after the strong slump seen Friday, although the Aussie remains vulnerable near a 3-year low of 0.8820 scored last week. The AUD/USD is currently trading at the 0.8940 area, recording a 0.4% gain Tuesday.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could fin immediate resistances at 0.8948 (daily high), 0.8969 (Dec 16 high) and 0.9000 (psychological level). On the other hand, supports are seen at 0.8910 (intraday level), 0.8895 (200-hour SMA) and 0.8860 (Dec 27 low).
The AUD/USD is advancing for a second day in a row Tuesday after the strong slump seen Friday, although the Aussie remains vulnerable near a 3-year low of 0.8820 scored last week. The AUD/USD is currently trading at the 0.8940 area, recording a 0.4% gain Tuesday.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could fin immediate resistances at 0.8948 (daily high), 0.8969 (Dec 16 high) and 0.9000 (psychological level). On the other hand, supports are seen at 0.8910 (intraday level), 0.8895 (200-hour SMA) and 0.8860 (Dec 27 low).