Back
8 Jun 2015
AUD/USD fails to extend recovery
FXStreet (Córdoba) - AUD/USD consolidates near Friday’s post-NFP lows, after the latest recovery attempt was capped by the 0.7660 area.
AUD/USD reached a daily high of 0.7658 helped by broad USD weakness, but failed to hold ground and pulled back after the New York opening to currently trade at the 0.7630 zone.
With no data scheduled for the rest of the session, next divers for the pair may come from China May CPI and Australian April home loan due next Asian session.
AUD/USD levels to watch
As for technical levels, immediate supports are seen at 0.7598 (Jun 5 & 1 lows), 0.7570 (Apr 15 low) and 0.7552 (Apr 13 low). On the flip side, resistances line up at 0.7658 (daily high), 0.7684 (10-day SMA) and 0.7700 (psychological level).
AUD/USD reached a daily high of 0.7658 helped by broad USD weakness, but failed to hold ground and pulled back after the New York opening to currently trade at the 0.7630 zone.
With no data scheduled for the rest of the session, next divers for the pair may come from China May CPI and Australian April home loan due next Asian session.
AUD/USD levels to watch
As for technical levels, immediate supports are seen at 0.7598 (Jun 5 & 1 lows), 0.7570 (Apr 15 low) and 0.7552 (Apr 13 low). On the flip side, resistances line up at 0.7658 (daily high), 0.7684 (10-day SMA) and 0.7700 (psychological level).