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14 Jan 2015
AUD/USD breaks above 0.8170
FXStreet (Bali) - AUD/USD is breaking higher during Tokyo trade, clearing offers around 0.8170 to set new highs for the session at 0.8185, with 0.82 round number now eyed.
Looking at recent price action, Jim Langlands, Founder at FXCharts, notes: "The Aud got rather left out of the action today and has traded within a relatively tight range around current levels through much of Europe/US and this could well continue to be the case against the US$ ahead of tomorrow’s Australian Jobs data, with much of the direction being dictated by flows in the crosses."
Technically, Jim mentions: "The daily Tenkan lies at 0.8140, and will provide the initial support. On the topside, 0.8170 and 0.8200 will be the immediate hurdles. Above 0.8200 would head back towards 0.8230 and yesterday’s session high at around 0.8250."
Looking at recent price action, Jim Langlands, Founder at FXCharts, notes: "The Aud got rather left out of the action today and has traded within a relatively tight range around current levels through much of Europe/US and this could well continue to be the case against the US$ ahead of tomorrow’s Australian Jobs data, with much of the direction being dictated by flows in the crosses."
Technically, Jim mentions: "The daily Tenkan lies at 0.8140, and will provide the initial support. On the topside, 0.8170 and 0.8200 will be the immediate hurdles. Above 0.8200 would head back towards 0.8230 and yesterday’s session high at around 0.8250."