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Forex: AUD/USD extends gain to fresh daily highs

FXstreet.com (Córdoba) - The Aussie took another step higher and printed a fresh 5-day high against the dollar at the beginning of the American session. AUD/USD was lifted earlier by comments from RBA board member saying that high AUD does not require policy response.

AUD/USD rose as high as 1.0476 before easing slightly and it is currently trading at the 1.0470 zone, recording a 0.5% gain on Tuesday.

As for technical levels, if AUD/USD extends gains beyond 1.0475, next resistances are seen at 1.0495/1.0500 (Apr 3 high/psychological level) and 1.0555 (Jan 24 high). On the other hand, if the AUD loses momentum, supports could be faced at 1.0430 (20-hour SMA), 1.0400 (psychological level) and 1.0380.

Forex Flash: AUD/USD resistance remains tough at 1.0520 – Commerzbank

The Aussie dollar is regaining the upper end of the intraday range in the vicinity of 1.0480 on Tuesday, as generalized upside momentum in the risk appetite continues to benefit the high-beta currencies....
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