Forex: AUD/USD clears 1.0900, next target at 1.1000

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

Related Article:

Forex

• Dollar Goes Higher as Stocks Falls Down on European Debt
• Canadian Dollar Falls with Crude & Stocks
• Euro Recovers as German & French GDP Surge
• Yen Gains as Demand for Safety Surges After Pakistan Bombing
• Why Should You Use A Forex Robot?
• What You Need To Know About Forex Robot
• The Risks Of A Forex Robot
• Risks by the foreign exchange on Forex
• Forex: GBP/USD hits 1.6700; Royal wedding gift
• Forex: Euro/Dollar breaks 1.4800 as bulls party continues
• Euro, Pound Bullish: Yen Finding Resistance
• Bulgaria opens tender to sell cigarette maker
• Philippine debt ratio falls; debt maturity lengthens
• Cashing in on short-term CURRENCY TRENDS
• Forex Trading is 70% Psychology, 20% Money Management, and 10% Technique

Businessman Updates

• Finally, somebody created the perfect keyword research tool!
• Automated Forex Robot doubles real money accounts in months
• Forex: GBP/USD hits 1.6700; Royal wedding gift
• Forex: Euro/Dollar breaks 1.4800 as bulls party continues
• Branding - Good or Bad?
• Seven Truths of Social Networks
• Euro, Pound Bullish: Yen Finding Resistance
• Montagu raises 2.5 billion euro buyout fund
• GLOBAL MARKETS-Silver slide ripples out, Fed in focus
• Bulgaria opens tender to sell cigarette maker
• Philippine debt ratio falls; debt maturity lengthens
• Swiss Franc Sets New Records on Continued Positive Sentiment
• Gold and Silver Set Record Highs on China Buying Bets, Oil Eyes April Top - By Ilya Spivak, Currency Strategist
• Forex Trading is 70% Psychology, 20% Money Management, and 10% Technique
• Conquer Your Own Fear - Principles to start your own business
• 7 Easy Steps to Start Your Own Business
• Top Ten Low Cost/small Business
• War between Samsung Electronics Co. and Apple Inc.
• Flixya Down???
• Sean give up in Twitter?
• Jack is Back - One of the founder Twitter