AUD/USD Firmer, Clinches Highs Near 0.7680

AUD/USD Firmer, Clinches Highs Near 0.7680

12 April 2016, 12:16
Roberto Jacobs

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)

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