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AUD/USD maintains a bullish bias

FXStreet (Guatemala) - AUD/USD is trading at 0.9357, up 0.02% on the day, having posted a daily high at 0.9360 and low at 0.9356.

AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index after the pair climbed a cent from the start of the week. The pair remains a favoured play to the upside after yesterdays Capax data and Valeria Bednarik, chief analyst at FXStreet, explained that further gains should see the pair testing 0.9420 price zone, while a break above this last exposes the 0.9460 price zone. Meanwhile, we now await the RBA next week but the consensus from the market is no action from the Central Bank and no change to policy for time being. Analysts at TD Securities also explained that geo-politics and risk aversion do not appear to be dampening the AUD’s performance at the moment.

AUD/USD support and resistances

Support levels: 0.9330 0.9300 0.9260

Resistance levels: 0.9370 0.9410 0.9450

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