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16 Aug 2013
AUD/USD, magnetic heights?
FXstreet.com (Chicago) - AUD/USD has pulverized immediate resistance at 0.9144 as bulls stampede bears amid perpetual speculations on Fed’s tapering.
Contrarian outlook
As stated previously by FXstreet.com, market participants are confirmed bullish on the Aussie as the pair edges higher at the opening of the Asian trading session and advances 0.06% so far.
Higher pulse?
Trading at 0.9144, the pair oscillates between supports at 0.9121 (August 13th lows), 0.9098 (July 10th lows) ahead of 0.9078 (July 8th lows) and above resistance at 0.9144 (July 19th lows) followed by 0.9163 (June 19th lows) and 0.9185 (August 14th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.
Contrarian outlook
As stated previously by FXstreet.com, market participants are confirmed bullish on the Aussie as the pair edges higher at the opening of the Asian trading session and advances 0.06% so far.
Higher pulse?
Trading at 0.9144, the pair oscillates between supports at 0.9121 (August 13th lows), 0.9098 (July 10th lows) ahead of 0.9078 (July 8th lows) and above resistance at 0.9144 (July 19th lows) followed by 0.9163 (June 19th lows) and 0.9185 (August 14th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.