AUD/USD Firmer Eyes 0.7800, Fresh Yearly Tops

AUD/USD Firmer Eyes 0.7800, Fresh Yearly Tops

19 April 2016, 09:03
Roberto Jacobs
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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).


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