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AUD/USD reaches 1-week high

FXStreet (Córdoba) - The Australian dollar has climbed to fresh daily highs at the beginning of the American session as the dollar continues to lose ground versus commodities and commodity currencies.

The AUD/USD broke above the 0.9310 resistance area and climbed to a fresh 1-week high of 0.9330 in recent dealings. At time of writing, the pair is trading at 0.9325, 0.31% above its opening price, having bounced off a low of 0.9270.

US durable goods orders have little impact on the dollar as even though the headline came much stronger than expected (+22.6% vs +7.5% exp), excluding transportation, orders declined in July (-0.8% vs +0.5% exp). Meanwhile, S&P/Case-Shiller Home Price Index rose 8.1% against 8.5% expected.

AUD/USD technical levels

As for technical levels, next resistances levels are seen at 0.9340 (100-day SMA), 0.9360 (50-day SMA) and 0.9373 (Aug 6 high). On the other hand, supports could be found at 0.9270 (Aug 26 low), 0.9235 (Aug 21 low) and 0.9200 (psychological level).

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