AUD/USD Eases from Daily Highs Around 0.7750

AUD/USD Eases from Daily Highs Around 0.7750

26 April 2016, 14:49
Roberto Jacobs
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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).


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