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23 Jun 2015
AUD/USD regains 0.7700 after hitting 6-day low
FXStreet (Córdoba) - AUD/USD bounced off lows and recovered some of its intraday losses as the greenback takes a breather following important gains.
The Australian dollar had been pretty resilient to impressive USD strength on Tuesday helped by upbeat Chinese data. AUD/USD bottomed out at 0.7679 in the wake of Fed’s Powell hawkish comments but it has recouped around half a cent over the last minutes to currently trade at 0.7717, still down 0.12% on the day.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.7750 (10-day SMA), 0.7773 (100-day SMA) and 0.7800 (psychological level), while supports are seen at 0.7679 (Jun 23 low), 0.7645 (Jun 17 low) and the 0.7598/0.7603 zone (Jun 5 & 8 lows).
The Australian dollar had been pretty resilient to impressive USD strength on Tuesday helped by upbeat Chinese data. AUD/USD bottomed out at 0.7679 in the wake of Fed’s Powell hawkish comments but it has recouped around half a cent over the last minutes to currently trade at 0.7717, still down 0.12% on the day.
AUD/USD technical levels
As for technical levels, AUD/USD could find immediate resistances at 0.7750 (10-day SMA), 0.7773 (100-day SMA) and 0.7800 (psychological level), while supports are seen at 0.7679 (Jun 23 low), 0.7645 (Jun 17 low) and the 0.7598/0.7603 zone (Jun 5 & 8 lows).