AUD/USD gained nearly 100 pips throughout the session and hit its highest since Aug 4 at 1.0775 before stalling. At time of writing, the pair is quoting at the 1.0760/70 area, where it records a 0.6% gain on the day.

On the upside, above 1.0775, next resistances could be found at 1.0800 and 1.0850, while on the downside, supports are seen at 1.0750, 1.0720 and 1.0690.

Fri, Feb 03 2012, 17:16 GMT | FXstreet.com