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AUD/USD extends gains into a fourth day

FXStreet (Córdoba) - The AUD/USD is rising for fourth day in a row Friday, taking advantage of a weaker greenback following a series of soft US data.

The AUD/USD managed to close Thursday above the 0.9300 mark supported by disappointing US jobless claims and falling US yields. The Aussie extended gains Friday and hit a fresh 1-week high of 0.9333 before pulling back a tad. At time of writing, the AUD/USD is trading at 0.9326, recording a 0.08% gain since opening, and headed for a weekly gain after 2 weeks of declines.

AUD/USD technical levels

In terms of technical levels, the AUD/USD could find immediate resistances at 0.9333/38 (Aug 15 high/100-day SMA), 0.9370 (50-day SMA) and 0.9387 (Jul 30 high). On the flip side, supports are seen at 0.9311 (Aug 15 low), 0.9300 (psychological level) and 0.9286 (Aug 14 low).

What’s the sentiment around the EUR/USD today? – Commerzbank and OCBC Bank

The EUR/USD is now looking to consolidate below the key 1.3400 handle against a backdrop of thin trade due to the Assumption Day holiday in most Euroland...
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