AUD/USD tests 1.0290

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AUD/USD tests 1.0290

FITITOL--> FXstreet.com (San Francisco) - After trading sideways during the European session, the AUD/USD is going bullish in the American morning with the pair breaking up the 1.0280 resistance and reaching 2-month high at 1.0290 inside a 50 pips bullish movement.

Currently the AUD/USD is pricing at 1.0288, 0.40% above today's opening price action. Pair looks "Slightly Bullish" and "Extremely Oversold" according to the FXstreet.com technical studies.

A break above 1.0301 (Upper Bollinger) would bring 1.0355 (high May 2) then 1.0370 (61.8% of 1.0857-0.9581) and 1.0406 (low Apr.30). On the downside, support levels lie at 1.0126 (high Jun.28) followed by 1.0118 (MA10d) then 1.0037 and 1.0018 (MA21d).