8 Jun 2015
AUD/USD breaks above 0.7700
FXStreet (Córdoba) - AUD/USD broke above 0.7700 and pushed to fresh highs as the greenback continues to underperform across the board.
AUD/USD rose more than a hundred pips throughout the day, recovering almost completely Friday’s post-NFP losses, and reaching a peak of 0.7710 in recent dealings. At time of writing, the pair is trading at 0.7702, recording a 1.15% gain on Monday.
Next divers for the Aussie may come from China May CPI and Australian April home loan due next Asian session.
AUD/USD technical levels
In terms of technical levels, immediate resistances are seen at 0.7710 (daily high), 0.7729 (June 5 high) and 0.7785 (Jun 4 high). On the other hand, supports could be found at 0.7598 (Jun 5 & 1 lows), 0.7570 (Apr 15 low) and 0.7552 (Apr 13 low).
AUD/USD rose more than a hundred pips throughout the day, recovering almost completely Friday’s post-NFP losses, and reaching a peak of 0.7710 in recent dealings. At time of writing, the pair is trading at 0.7702, recording a 1.15% gain on Monday.
Next divers for the Aussie may come from China May CPI and Australian April home loan due next Asian session.
AUD/USD technical levels
In terms of technical levels, immediate resistances are seen at 0.7710 (daily high), 0.7729 (June 5 high) and 0.7785 (Jun 4 high). On the other hand, supports could be found at 0.7598 (Jun 5 & 1 lows), 0.7570 (Apr 15 low) and 0.7552 (Apr 13 low).