FXstreet.com (Córdoba) - The Australian Dollar extended gains against the Dollar and rose above 0.9400 for the first time since August of last year. AUD/USD peaked at 0.9405, 15-month high and then pulled back to 0.9360. The pair is still up for the day and trades at 0.9369/73, 0.30% above today's opening price. The pair is rising for the second day in a row accumulating an increase of more than 140 pips.
The Kshitij Consultancy Service Team affirms: The broader picture continue to remain bullish and if 0.9300 holds in the US session today and the pair gains upside momentum, we might see a rise towards 0.9370-0.9400. A break and a further upmove above 0.9400 might see 0.9480-0.9515 on the upside in the coming days.