AUD/USD Firmer Eyes 0.7800, Fresh Yearly Tops
The Aussie dollar is following the rest of its risk-associated peers on Tuesday, now pushing AUD/USD to the boundaries of the 0.7800 handle.
AUD/USD boosted by risk appetite
Spot
is trading in levels last seen in June 2015 around 0.7800 the figure,
backed by a strong sentiment in the risk-on space along with a renewed
offered tone surrounding the US dollar.
The bid tone in AUD
was also supported after the RBA minutes hinted at the fact that the
central bank feels quite comfortable with the current level of the
domestic key interest rate.
AUD/USD levels to watch
At
the moment the pair is advancing 0.55% at 0.7792 and a surpass of
0.7851 (monthly high Jun.18 2015) would expose 0.7940 (monthly high
Mar.24) and finally 0.8076 (monthly high Apr.29). On the flip side, the
next support aligns at 0.7629 (20-day sma) ahead of 0.7488 (low Apr.7)
and then 0.7425 (55-day sma).
