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27 Feb 2015
AUD/USD in an attempt to 0.7800
FXStreet (Mumbai) - AUD/USD recovers from fresh three day-lows reached during the Asian session, extending its downslide from US last session, after impressive US data lifted the greenback.
AUD/USD trades around 20-DMA
Currently, the AUD/USD trades lower by -0.10% at 0.7796 levels, having posted day’s low at 0.7778 and day’s high at 0.7815 levels. The Aussie recovers half its slide and inches closer to 0.78 handle as the US dollar was broadly sold-off in the mid-Asian trading.
AUD/USD extended is downside momentum in early Asia on the US dollar strength across board backed by solid durable goods orders and US CPI data. Moreover, US dollar also received support from hawkish comments from the Fed's Bullard.
Meanwhile, traders now focus on US GDP data and consumer confidence data along with moves in commodity prices for further impact on the Aussie.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7837 levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7755 from here it to 0.7721 levels.
AUD/USD trades around 20-DMA
Currently, the AUD/USD trades lower by -0.10% at 0.7796 levels, having posted day’s low at 0.7778 and day’s high at 0.7815 levels. The Aussie recovers half its slide and inches closer to 0.78 handle as the US dollar was broadly sold-off in the mid-Asian trading.
AUD/USD extended is downside momentum in early Asia on the US dollar strength across board backed by solid durable goods orders and US CPI data. Moreover, US dollar also received support from hawkish comments from the Fed's Bullard.
Meanwhile, traders now focus on US GDP data and consumer confidence data along with moves in commodity prices for further impact on the Aussie.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7837 levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7755 from here it to 0.7721 levels.