AUD/USD Struggling to Consolidate Above 0.7500
AUD/USD is staging a modest recovery on Thursday, with
the Aussie among the best performers at the beginning of the New York
session, helped by better-than-expected domestic data.
AUD/USD
has moved off lows at the 0.7445 area where it bottomed yesterday, and
regained the 0.7500 level, although it found resistance very quickly.
With the upside capped by the 0.7515 zone, the pair has spent the last
hours in a range and it was last around 0.7490, still up 0.51% on the
day.
AUD/USD levels to watch
As for
technical levels, next supports are seen at 0.7446 (May 4 low), 0.7414
(Mar 16 low) and 0.7390 (Mar 7 low). On the other hand, resistances
could be found at 0.7558 (50-day SMA), 0.7653 (20-day SMA) and 0.7719
(May 3 high).
