Forex: AUD/USD clears 1.0900, next target at 1.1000 - AUD/USD will clear to 1,0900 and gonna raise to the next target at 1.1000
AUD/USD has just posted new record highs after breaking 1.0900. The rise occurs hours after setting another historic quote at 1.0878 late in US trade.
Despite Aussie kicked off losing some ground early Asia, the general bullish momentum has prevailed and further gains may no be expected. "Main target remains at 1.1000 area, for the upcoming sessions" said Valeria Bednarik, Chief Analyst at FXstreet.com.If a round of profit taking turns the price lower, "immediate support will come at 1.0830 area, 20 SMA in the hourly chart yet gold at fresh record highs reaching $ 1530 by the end of the US session will likely help keep the downside limited" Valeria added.
Support levels: 1.0830 1.0800 1.0760, Resistance levels: 1.0880 1.0920 1.0970
Source: FXstreet.com
