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AUD/USD prints 0.8943 new session highs; targets 0.8950

FXstreet.com (Chicago) – AUD/USD strengthens against the greenback to print new daily highs for today’s session reaching 0.8943. Private sector data was slightly better compared to previous results and experts projections.

Better-than-expected Australian results

Price action reveals bulls attempt to reach new levels despite limits at the 0.8943 zone. The pair seems to be consolidating a potential reversal as it bounced off 0.8898 session lows yesterday to trade stronger at the opening of Friday’s journey in Asia. So far, the pair accumulates gains at 0.14%, still far below -0.98% weekly losses. Syria remains the main topic of interest for market participants …read more