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AUD/USD jumps to 0.9825 on pro-QE Bernanke

FXstreet.com (San Francisco) - The AUD/USD has reacted to the upside following the Bernanke testimony and after jumping around 80 pips from 0.9755 the pair tested intra-day highs at 0.9825. Currently it's pricing at 0.9780.

However, the AUD/USD is still 0.25% negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

If the pair breaks above the 0.9825 area, next resistances are at 0.9840 and 0.9860. On the downside, supports are at 0.9740, 0.9720 and 0.9700.

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