9 Jun 2015
AUD/USD fails to hold above 0.7700
FXStreet (Córdoba) - The Australian dollar has settled at mid-range against the greenback, after a brief appearance above the 0.7700 level at the beginning of the American session.
AUD/USD recovered from a daily low of 0.7645 but it was capped by the 0.7715 zone, confining the pair to a phase of consolidation over the last hours. At time of writing, the pair is trading at 0.7677, stil 0.26% below its opening price.
During the Asian session, the Australian dollar was weighed by weak CPI data from its main trading partner, China.
AUD/USD levels to watch
In terms of technical levels, on the upside immediate resistances are seen at 0.7729 (Jun 5 high), 0.7787 (100-day SMA) and 0.7800 (psychological level). On the other hand, supports are seen at 0.7645 (daily low), 0.7598 (Jun 5 & 1 lows) and 0.7570 (Apr 15 low).
AUD/USD recovered from a daily low of 0.7645 but it was capped by the 0.7715 zone, confining the pair to a phase of consolidation over the last hours. At time of writing, the pair is trading at 0.7677, stil 0.26% below its opening price.
During the Asian session, the Australian dollar was weighed by weak CPI data from its main trading partner, China.
AUD/USD levels to watch
In terms of technical levels, on the upside immediate resistances are seen at 0.7729 (Jun 5 high), 0.7787 (100-day SMA) and 0.7800 (psychological level). On the other hand, supports are seen at 0.7645 (daily low), 0.7598 (Jun 5 & 1 lows) and 0.7570 (Apr 15 low).