The Australian dollar shrugged off Chinese trade data and managed to recover from lows during the last hours, climbing back above the 0.7800 level against the greenback and filling the weekly opening gap.
AUD/USD bounced off a low of 0.7747 and rose more than 70 pips through the 0.78 mark, to hit a daily high of 0.7821 in recent dealings. At time of writing, the pair is trading at 0.7810, 0.64% above its opening price.
AUD/USD levels to watch
As for technical levels, if AUD/USD breaks above 0.7820, next resistances are seen at 0.7850 (Feb 3 high) and 0.7875 (Feb 6 high). On the flip side, supports could be found at 0.7747 (daily low) and 0.7733 (Feb 5 low).
AUD/USD bounced off a low of 0.7747 and rose more than 70 pips through the 0.78 mark, to hit a daily high of 0.7821 in recent dealings. At time of writing, the pair is trading at 0.7810, 0.64% above its opening price.
AUD/USD levels to watch
As for technical levels, if AUD/USD breaks above 0.7820, next resistances are seen at 0.7850 (Feb 3 high) and 0.7875 (Feb 6 high). On the flip side, supports could be found at 0.7747 (daily low) and 0.7733 (Feb 5 low).
