FXstreet.com (San Francisco) - The Aussie has finally broken above the 1.0200 level against the US Dollar with the pair trading at 1.0210 after rising around 60 pips from 1.0150 priced in the Asian session.
The AUS/USD is advancing 0.50% so far today with next key levels at 1.0231, 1.0256 and 1.0282 according to the FXstreet.com Forex Studies. Supports are at 1.0053, 1.0078 and 1.0104.
The AUD/USD has managed to fill the weekly opening gap over current European session, although there has been not much follow trough, with the pair now struggling to hold the 1.0200 level. "Despite latest bounce, 4 hours chart technical readings continue to support the downside, suggesting current recovery stands as a correction," comments Valeria Bednarik from FXstreet.com. "With immediate resistance around 1.0230/40, 1.0270 is the next level of interest for sellers."
"Supports now come at 1.0180 and 1.0150. Not expected for today, losses below this last will open doors for a test of parity over the upcoming sessions," concludes Bednarik.
The AUS/USD is advancing 0.50% so far today with next key levels at 1.0231, 1.0256 and 1.0282 according to the FXstreet.com Forex Studies. Supports are at 1.0053, 1.0078 and 1.0104.
The AUD/USD has managed to fill the weekly opening gap over current European session, although there has been not much follow trough, with the pair now struggling to hold the 1.0200 level. "Despite latest bounce, 4 hours chart technical readings continue to support the downside, suggesting current recovery stands as a correction," comments Valeria Bednarik from FXstreet.com. "With immediate resistance around 1.0230/40, 1.0270 is the next level of interest for sellers."
"Supports now come at 1.0180 and 1.0150. Not expected for today, losses below this last will open doors for a test of parity over the upcoming sessions," concludes Bednarik.
