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Aug 15, 2014
AUD/USD extends gains into a fourth day
FXStreet (Córdoba) - The AUD/USD is rising for fourth day in a row Friday, taking advantage of a weaker greenback following a series of soft US data.
The AUD/USD managed to close Thursday above the 0.9300 mark supported by disappointing US jobless claims and falling US yields. The Aussie extended gains Friday and hit a fresh 1-week high of 0.9333 before pulling back a tad. At time of writing, the AUD/USD is trading at 0.9326, recording a 0.08% gain since opening, and headed for a weekly gain after 2 weeks of declines.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9333/38 (Aug 15 high/100-day SMA), 0.9370 (50-day SMA) and 0.9387 (Jul 30 high). On the flip side, supports are seen at 0.9311 (Aug 15 low), 0.9300 (psychological level) and 0.9286 (Aug 14 low).
The AUD/USD managed to close Thursday above the 0.9300 mark supported by disappointing US jobless claims and falling US yields. The Aussie extended gains Friday and hit a fresh 1-week high of 0.9333 before pulling back a tad. At time of writing, the AUD/USD is trading at 0.9326, recording a 0.08% gain since opening, and headed for a weekly gain after 2 weeks of declines.
AUD/USD technical levels
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9333/38 (Aug 15 high/100-day SMA), 0.9370 (50-day SMA) and 0.9387 (Jul 30 high). On the flip side, supports are seen at 0.9311 (Aug 15 low), 0.9300 (psychological level) and 0.9286 (Aug 14 low).