23 Mar 2014
AUD/USD opens week above 0.9100
FXStreet (Córdoba) - The AUD/USD started the week with a positive tone trading above 0.9100. So far peaked at 0.9109, hitting the highest price since last Wednesday. Currently trades at 0.9105/09, at the same price it had before the release of the FOMC statement, that pushed the US dollar across the board last Wednesday.
The short-term outlook continues to favor the upside in the AUD/USD with the price approaching an important resistance level located at 0.9135/40, where last week highs lie.
The weekly opening was with a small bullish gap: price opened at 0.9101 after closing on Friday at 0.9086. The Aussie holds a bid tone, as it posted last Friday the highest weekly close since December.
The short-term outlook continues to favor the upside in the AUD/USD with the price approaching an important resistance level located at 0.9135/40, where last week highs lie.
The weekly opening was with a small bullish gap: price opened at 0.9101 after closing on Friday at 0.9086. The Aussie holds a bid tone, as it posted last Friday the highest weekly close since December.