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AUD/USD hits 2-week highs

FXStreet (Córdoba) - AUD/USD managed to advance slightly Tuesday and reached its highest level in almost two weeks helped by an upbeat ANZ weekly consumer confidence survey and rising stocks.

However, AUD/USD failed to sustain momentum and remained near Monday’s levels as investors cautiously await the Federal Reserve decision on Wednesday. AUD/USD climbed as high as 0.8839 and then eased a tad to currently trade around 0.8825, still 0.29% above its opening price.

AUD/USD levels to watch


As for technical levels, AUD/USD could find immediate resistances at 0.8839 (intraday high), 0.8859 (Oct 15 high), 0.8898/0.8900 (Oct 9 high/psychological level). On the other hand, supports are seen at 0.8785 (10-day SMA), 0.8770 (21-day SMA) and 0.8742 (Oct 22 low).

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