After the release of the NAB business confidence survey is lower than the previous data release, which is 1 for the period from February 3 in January. AUD / USD was near weekly high at the 1.0280 level. Currently Aussie at 1.0300. Exchange rate rose 0.45% in the period of one week and -1.06% for a period of one year. ASX Australia fell 0.08% while the U.S. SP500 index closed up 0.32% near a new 5-year high, the highest increase since November 2007.From a technical perspective the hourly chart shows indicators away from overbought levels but prices were still above the trend line and is above the SMA 20, clearly Valeria Bednarik, chief analyst at Fxstreet.com. "In the 4 hours chart, the bullish movement under pressure unless the price stay above 1.0300 area. Currency appreciation is limited, "he added.
Support levels at 1.0250, 1.0220 and 1.0180, while resistance level at 1.0345.
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