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9 Sep 2013
AUD/USD holds above 0.9200
FXstreet.com (Córdoba) - The Australian dollar managed to advance toward a fresh 3-week high versus the greenback Monday, as better-than-expected Chinese data gave the Aussie a boost.
AUD/USD peaked at 0.9223 during the European session, although it failed to sustain gains and pulled back, although the 20-hour SMA is offering support at 0.9197. At time of writing, AUD/USD trades around 0.9200/10, virtually unchanged since opening.
With no much data in the calendar for today, investors focus will remain on Syria developments as it is still to be seen whether the US Congress would give Obama approval to launch a strike.
AUD/USD technical levels
As for technical levels, AUD/USD could face immediate resistances at 0.9223 (daily high) and 0.9235 (Aug 19 high), while supports are seen at 0.9197 (20-hour SMA), 0.9165 (daily low) and 0.9115 (Sep 6 low).
AUD/USD peaked at 0.9223 during the European session, although it failed to sustain gains and pulled back, although the 20-hour SMA is offering support at 0.9197. At time of writing, AUD/USD trades around 0.9200/10, virtually unchanged since opening.
With no much data in the calendar for today, investors focus will remain on Syria developments as it is still to be seen whether the US Congress would give Obama approval to launch a strike.
AUD/USD technical levels
As for technical levels, AUD/USD could face immediate resistances at 0.9223 (daily high) and 0.9235 (Aug 19 high), while supports are seen at 0.9197 (20-hour SMA), 0.9165 (daily low) and 0.9115 (Sep 6 low).