Forex: AUD/USD reaches 12-week high

FXstreet.com (Córdoba) - The Aussie rose to a 12-week high against a broadly weaker Dollar on Monday, supported by cautious risk appetite.

AUD/USD extended its rally during the European trade, accumulating a gain of more than 80 pips on the day to hit its highest level since Nov 1 at 1.0561 in recent dealings. The pair has eased to the 1.0540/45 area where it is 0.6% above its opening price.

In terms of technical levels, the Mataf.net team locates next resistances at 1.0560, 1.0665 and 1.0725, while they see supports at 1.0535, 1.0500 and 1.0450.

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