AUD/USD Dips Below 0.7200
AUD/USD extended losses and fell below the 0.72 mark at the beginning of the New York session amid broad USD strength.
AUD/USD came under renewed pressure and fell to a 4-day low of 0.7194 in
recent dealings. At time of writing, the pair is trading at 0.7201,
down 0.33% on the day.
There is no first-tier data scheduled for the American session, but
investors focus should be on the speech by San Francisco Fed J.Williams
(non-voter) and tomorrow’s speech by RBA’s G.Stevens.
AUD/USD levels to watch
In terms of technical levels, AUD/USD could find next supports at 0.7164
(Mar 2 low), 0.7108 (Mar 1 low) and 0.7068 (Feb 19 low). On the other
hand, next resistances could be found at 0.7255/59 (200-day SMA/May 23
high), 0.7293 (10-day SMA) and 0.7330 (May 18 high).
