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Aug 18, 2014
AUD/USD rises to test Friday’s highs
FXStreet (Córdoba) - The AUD/USD hit a fresh daily high at 0.9332, just one pip below Friday’s highs. Price remains near the top, trading at 0.9330, up 0.11% for the day, headed toward the fifth daily gain in a row.
AUD/USD remains bullish, moving slow
Since a week ago the pair is moving with an upside bias, recovering from 0.9245. But gains are modest: after rising during five consecutive pips, the AUD/USD rose less than a hundred pips. On a wider perspective, some bearish bias continue to exist.
It the pair manages to close around current levels it would post the highest close in almost two weeks and the first time to do it above the 20-day moving average since July 28.
AUD/USD remains bullish, moving slow
Since a week ago the pair is moving with an upside bias, recovering from 0.9245. But gains are modest: after rising during five consecutive pips, the AUD/USD rose less than a hundred pips. On a wider perspective, some bearish bias continue to exist.
It the pair manages to close around current levels it would post the highest close in almost two weeks and the first time to do it above the 20-day moving average since July 28.