FXStreet (Bali) – AUD/USD keeps building up on recent gains as the risk appetite sentiment seen during Friday’s US session extends into Monday’s Asia.
Supply at 0.7110/20 being absorbed
AUD/USD has touched its highest level since Sept 1st at 0.7110, currently extending further, through a level where some supply was expected as the level aligns with the origin of a major sell-off from back on Sept 1st.
AUD/USD: Key levels
A continuation of the bullish momentum should see 0.7120 resistance tested ahead of a more ambitious target at 0.7150. On the downside, the next key levels to watch in Asia are now at 0.7090 ahead of 0.7070.
(Market News Provided by FXstreet)