Forex: AUD/USD moves toward parity

FXstreet.com (Córdoba) - The Australian dollar advanced on Wednesday and is back approaching to parity, underpinned by Moody's affirmation of Australia's AAA rating and RBA Governor comments. RBA Stevens said strong Australian dollar is beneficial to consumers in the country.

AUD/USD has been moving steady but slowly higher, having reached a high of 0.9987 and currently is trading around 0.9980, up 0.2% on the day. However, the aussie has repeatedly failed to break above 1.0000/10 resistance in recent days.

As for technical levels, immediate resistances could be faced at 1.0000/10, 1.0030 and 1.0070, while supports might be faced at 0.9950, 0.9920 and 0.9880.

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