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Forex: AUD/USD reaches 2-week highs

The Australian dollar advanced to its highest level in over 2 weeks against the greenback, supported by market's positive mood.

After finding support once again at the 20-hour SMA around 1.0265, AUD/USD resumed the upside and having climbed nearly 70 pips, it recently printed a 2-week high of 1.0333.

As for technical levels, if the Aussie breaks above the 1.0335 area, next resistances are seen at 1.0355 (200-day SMA) and 1.0400 (psychological level/100-day SMA), while in case of dips supports could be found at 1.0265/70 (intraday low/20-day SMA), 1.0255 (100-huor SMA) and 1.0200 (psychological level).

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