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16 Sep 2015
AUD/USD resumes the advance
FXStreet (Córdoba) - The Australian dollar resumed the advance versus the greenback following the release of below-expectations US CPI data, but AUD/USD lacked momentum to break higher.
AUD/USD reached a 3-week peak of 0.7182 but failed to sustain altitude and dropped to the 0.7140 area before the downside was contained. AUD/USD managed to regain a few pips at the beginning of the American session and it was last trading at 0.7160, recording a 0.28% gain on the day.
The Aussie has extended gains into a fifth consecutive day, as it stages a comeback from a 6-year low scored at 0.6908 on September 4.
Meanwhile, all attention remain on Federal Reserve meeting to conclude on Thursday when the central bank's decision will be finally unveiled.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find next resistances at 0.7182 (Sep 16 high), 0.7205 (Aug 28 high) and 0.7249 (Aug 25 high). On the downside, supports are seen at 0.7122 (Sep 16 low), 0.7085 (Sep 15 low) and 0.7062 (Sep 14 low).
AUD/USD reached a 3-week peak of 0.7182 but failed to sustain altitude and dropped to the 0.7140 area before the downside was contained. AUD/USD managed to regain a few pips at the beginning of the American session and it was last trading at 0.7160, recording a 0.28% gain on the day.
The Aussie has extended gains into a fifth consecutive day, as it stages a comeback from a 6-year low scored at 0.6908 on September 4.
Meanwhile, all attention remain on Federal Reserve meeting to conclude on Thursday when the central bank's decision will be finally unveiled.
AUD/USD technical levels
In terms of technical levels, AUD/USD could find next resistances at 0.7182 (Sep 16 high), 0.7205 (Aug 28 high) and 0.7249 (Aug 25 high). On the downside, supports are seen at 0.7122 (Sep 16 low), 0.7085 (Sep 15 low) and 0.7062 (Sep 14 low).