AUD/USD Eases from Daily Highs Around 0.7750
The Australian dollar advanced through the 0.77 mark during the European session as risk appetite improved on Tuesday.
AUD/USD briefly
rose above the 100-hour SMA and printed a high of 0.7752 before finding
resistance and easing slightly. At time of writing, the pair is trading
around 0.7725, up 0.15% on the day, as investors await US durable goods
orders data.
On Wednesday, Australia will release consumer
inflation numbers, while the key event of the week for the US dollar
will be the Fed’s decision on monetary policy also tomorrow.
AUD/USD levels to consider
In
terms of technical levels, AUD/USD could find next resistances at
0.7752 (Apr 26 high), 0.7774 (Apr 22 high) and 0.7834 (2016 high, Apr
21). On the flip side, supports are seen at 0.7690 (Apr 25 low), 0.7670
(20-day SMA) and 0.7630 (Apr 18 low).
