Back
15 Feb 2013
Forex: AUD/USD capped below 1.0375
Aussie is pushing against yesterday's fresh weekly highs at 1.0374, last at 1.0367, on sympathy with Kiwi that following best retail sales figures for the 4Q is printing fresh highs above 0.85, highest since Sept 2011, at the same time gold is near 2013 lows, last at $1643, which is somewhat of a divergence.
AUD is also being bid against Euro, that showed bad GPD figures in early London, making EUR/AUD fresh 2-week lows by early NY at 1.2852. Aussie is third strongest major currency among all for past few days, only below Kiwi and Yen. While US SP500 closed advancing a tiny +0.07% near new highs since late 2007, Australian ASX index is above the 5k points mark, around 2010 and 2011 highs, levels not seen since Sept 2008.
Immediate resistance to the upside for AUD/USD shows at mentioned double 1.0374 weekly high followed by Jan 28 lows at 1.0384, and Feb o5 NY session highs at 1.0415. To the downside, closest support lies at Wednesday's Asian session highs/Feb 01 lows 1.0360, followed by yesterday's lows at 1.0326, and Feb 06 lows at 1.0296.
AUD is also being bid against Euro, that showed bad GPD figures in early London, making EUR/AUD fresh 2-week lows by early NY at 1.2852. Aussie is third strongest major currency among all for past few days, only below Kiwi and Yen. While US SP500 closed advancing a tiny +0.07% near new highs since late 2007, Australian ASX index is above the 5k points mark, around 2010 and 2011 highs, levels not seen since Sept 2008.
Immediate resistance to the upside for AUD/USD shows at mentioned double 1.0374 weekly high followed by Jan 28 lows at 1.0384, and Feb o5 NY session highs at 1.0415. To the downside, closest support lies at Wednesday's Asian session highs/Feb 01 lows 1.0360, followed by yesterday's lows at 1.0326, and Feb 06 lows at 1.0296.