29 Apr 2015
AUD/USD hits fresh 3-month highs above 0.8050
FXStreet (Córdoba) - The aussie rose further against the US dollar that is falling sharply in the market following weak US 1Q GDP data and ahead of the Federal Reserve meeting. AUD/USD broke above 0.8030 (Apr 28 high) and rose to 0.8076, hitting the strongest level since January 22.
The pair remains with a bullish tone despite overbought technical readings, supported by a weak US dollar. The aussie is also extending gains versus the kiwi; AUD/NZD trades above 1.0400, at 6-week highs.
AUD/USD technical levels
To the upside, resistance levels could be located at 0.8075, 0.8100 and 0.8125 (Jan 12, 13 low); while to the downside, support might lie at 0.8030, 0.7975 (Apr 29 low) and 0.7940.
The pair remains with a bullish tone despite overbought technical readings, supported by a weak US dollar. The aussie is also extending gains versus the kiwi; AUD/NZD trades above 1.0400, at 6-week highs.
AUD/USD technical levels
To the upside, resistance levels could be located at 0.8075, 0.8100 and 0.8125 (Jan 12, 13 low); while to the downside, support might lie at 0.8030, 0.7975 (Apr 29 low) and 0.7940.