AUD/USD Firmer, Clinches Highs Near 0.7680
The better tone around the risk-associated space is bolstering the upside in AUD/USD to the vicinity of 0.7680 on Tuesday.
AUD/USD attention to job figures
Spot
is navigating in fresh multi-day highs so far, advancing since Friday
after finding decent support in the 0.7500 neighbourhood. Earlier in the
session, solid confidence figures in Oz have lent further support to
the Aussie dollar, all amidst an increasing selling pressure around the
US dollar.
Ahead in the week, labour market figures in Australia
will take centre stage (Thursday), while US Retail Sales (Wednesday) and
inflation figures tracked by the CPI (Thursday) will turn the attention
to the greenback.
AUD/USD levels to watch
At
the moment the pair is advancing 0.90% at 0.7663 and a surpass of
0.7723 (2016 high Mar.31) would expose 0.7739 (monthly high Jul.1 2015)
and finally 0.7851 (monthly high Jun.18 2015). On the flip side, the
next support aligns at 0.7511 (23.6% Fibo of 0.6824-0.7723) ahead of
0.7475 (low Mar.24) and then 0.7366 (55-day sma).
(Market News Provided by FXstreet)
