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20 Feb 2014
AUD/USD jumps above 0.9000
FXStreet (San Francisco) - The Aussie is joining a bullish close in the American session after the AUD/USD advanced to test the 0.9000 area, where it hit buy stops that fed the movement even more.
The AUD/USD rallied around 40 pips from 0.8980 to break above the 0.9000 level and trade at daily highs at 0.9020. The pair is currently trading at 0.9015, 0.17% positive in the day.
AUD/USD sentiment
The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute index. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
"The Australian dollar sold off in Asia on a soft China PMI, falling 70 pips to as low as 0.8937 but the declines have now been completely wiped out as AUD/USD touches a session high at 0.9017," commented Adam Button from Forex Live. "The appetite for risk in the market and the ability to disregard bad news is incredible. For AUD/USD the turnaround is impressive but until 0.9089 breaks, it's tough to pile in."
The AUD/USD rallied around 40 pips from 0.8980 to break above the 0.9000 level and trade at daily highs at 0.9020. The pair is currently trading at 0.9015, 0.17% positive in the day.
AUD/USD sentiment
The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute index. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
"The Australian dollar sold off in Asia on a soft China PMI, falling 70 pips to as low as 0.8937 but the declines have now been completely wiped out as AUD/USD touches a session high at 0.9017," commented Adam Button from Forex Live. "The appetite for risk in the market and the ability to disregard bad news is incredible. For AUD/USD the turnaround is impressive but until 0.9089 breaks, it's tough to pile in."