• AUD / USD: Australian Dollar updated 4-month high

Market news

10 January 2013

AUD / USD: Australian Dollar updated 4-month high


Positive market sentiment allowed to continue to grow against the Aussie dollar during the U.S. session. In Asia, the AUD / USD broke through $ 1.0550/60 resistance area on strong Chinese data and some consolidation after the pair reached a 4-month high of $ 1.0593.

Currently the pair is trading in the $ 1.0585, noting the rise of 0.7% on the day. If the AUD will continue to grow, the nearest resistance is located at $ 1.0600 (psychological level) and $ 1.0625 (September 14 high).


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