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27 Jul 2015
AUD/USD attempts to regain 0.7300
FXStreet (Córdoba) - AUD/USD managed to recover beyond 0.7300 as the greenback took a hit across the board, with no clear catalyst and despite a better-than-expected durable goods orders reading.
AUD/USD picked up speed and rose to a daily high of 0.7324 before finding resistance and pulling back slightly. At time of writing, the pair is trading at 0.7300, up 0.20% on the day.
The Australian dollar however, remains too close to a 6-year low scored last Friday at 0.7259, amid falling commodity prices and weighed by soft Chinese data.
AUD/USD supports and resistances
On the upside, immediate resistances could be found at 0.7324/27 (Jul 27 high/Jul 20 low), 0.7361/69 (Jul 24 high/10-day SMA) and 0.7400 (psychological level). On the downside, next supports are seen at 0.7259 (6-year low Jul 24), 0.7240 (May 1 2009 low) and 0.7200 (psychological level).
AUD/USD picked up speed and rose to a daily high of 0.7324 before finding resistance and pulling back slightly. At time of writing, the pair is trading at 0.7300, up 0.20% on the day.
The Australian dollar however, remains too close to a 6-year low scored last Friday at 0.7259, amid falling commodity prices and weighed by soft Chinese data.
AUD/USD supports and resistances
On the upside, immediate resistances could be found at 0.7324/27 (Jul 27 high/Jul 20 low), 0.7361/69 (Jul 24 high/10-day SMA) and 0.7400 (psychological level). On the downside, next supports are seen at 0.7259 (6-year low Jul 24), 0.7240 (May 1 2009 low) and 0.7200 (psychological level).