13 Jan 2014
AUD/USD ends above 0.9000 for the first time in a month
FXstreet.com (Córdoba) - The AUD/USD posted strong gains for the second day in a row and achieved the highest daily close since December 10. The Aussie rose more than 50 pips on Monday, extending to 160 pips the rally that started after the release of the US employment report.
On European hours hit a daily high at 0.9085 but pulled back to a trading range that still holds with support at 0.9045 and resistance at 0.9075; above the next resistance could be located at 0.9100 (psychological level) and 0.9120.
AUD/USD rallies amid a weak US dollar
Commodity currencies rallied on Monday during the Asian and the European session and consolidated gains on American hours, despite a strong decline in Wall Street. A weak US dollar boosted the AUD/USD to levels not seen in a month. The pair gained momentum after breaking above 0.9000 and December highs and rose further, extending the recovery from 0.8818 (December lows).
On European hours hit a daily high at 0.9085 but pulled back to a trading range that still holds with support at 0.9045 and resistance at 0.9075; above the next resistance could be located at 0.9100 (psychological level) and 0.9120.
AUD/USD rallies amid a weak US dollar
Commodity currencies rallied on Monday during the Asian and the European session and consolidated gains on American hours, despite a strong decline in Wall Street. A weak US dollar boosted the AUD/USD to levels not seen in a month. The pair gained momentum after breaking above 0.9000 and December highs and rose further, extending the recovery from 0.8818 (December lows).