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30 Jun 2014
AUD/USD jumps and hits fresh daily highs above 0.9430
FXStreet (Córdoba) - The AUD/USD rose almost 50 pips in the last few hours and printed a fresh daily high at 0.9439 recently as the US dollar weakened across the board in the last day of the second quarter.
Before Wall Street opening bell the pair was trading near the lows, after bottoming at 0.9387, the lowest price since last Wednesday. But then reversed sharply and after breaking above 0.9400, soared and rally toward 0.9440.
AUD/USD back near key resistance
Currently the pair trades at 0.9425, slightly higher for the day after pulling back from 0.9440. Price is back near the important resistance area located around 0.9440/50, that capped the upside several times during June.
Before Wall Street opening bell the pair was trading near the lows, after bottoming at 0.9387, the lowest price since last Wednesday. But then reversed sharply and after breaking above 0.9400, soared and rally toward 0.9440.
AUD/USD back near key resistance
Currently the pair trades at 0.9425, slightly higher for the day after pulling back from 0.9440. Price is back near the important resistance area located around 0.9440/50, that capped the upside several times during June.