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AUD/USD climbs to fresh daily highs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - The Australian dollar managed to extend its recovery against the greenback and approached Friday’s highs, as risk sentiment improved allowing a comeback in commodities.

    broke above previous daily highs and stretched to a peak of 0.7229 in recent dealings as the US currency failed to capitalize an upward revision to Q3 GDP. At time of writing, the pair is trading at 0.7227, up 0.51% on the day.

    AUD/USD technical levels

    As for technical levels, AUD/USD could find next resistances at 0.7249 (Nov 20 high), 0.7269 (Oct 26 high) and 0.7295 (Oct 23 high). On the other hand, immediate supports are seen at 0.7207 (100-day SMA), 0.7184 (Nov 24 low) and 0.7158 (Nov 23 low).
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