18 Feb 2015
AUD/USD steadies above 0.7800
FXStreet (Mumbai) - AUD/USD trades flat in the mid-Asian morning, recovering overnight losses, as a vulnerable greenback continues to support the Aussie.
AUD/USD rises from 0.7805 levels
Currently, the AUD/USD trades flat at 0.7814, retreating from fresh session highs of 0.7822 levels posted few minutes ago, well supported above 0.7800 levels. AUD/USD traded almost unchanged, although supported by stabilizing gold, copper and oil after a massive sell-off seen in the US last session. Moreover, a weaker US dollar after bearish US New York manufacturing data continues to underpin AUD/USD.
Meanwhile, Greek worries continue to dampen investors’ sentiment as markets now look forward to a set of US macro data later in the day.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7831 (Feb 2 High) levels, above which gains could be extended to 0.7852 (Feb 4 High) levels. On the flip side, support is seen at 0.7743 (Feb 17 Low) from here it to 0.7721 (Feb 13 Low) levels.
AUD/USD rises from 0.7805 levels
Currently, the AUD/USD trades flat at 0.7814, retreating from fresh session highs of 0.7822 levels posted few minutes ago, well supported above 0.7800 levels. AUD/USD traded almost unchanged, although supported by stabilizing gold, copper and oil after a massive sell-off seen in the US last session. Moreover, a weaker US dollar after bearish US New York manufacturing data continues to underpin AUD/USD.
Meanwhile, Greek worries continue to dampen investors’ sentiment as markets now look forward to a set of US macro data later in the day.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7831 (Feb 2 High) levels, above which gains could be extended to 0.7852 (Feb 4 High) levels. On the flip side, support is seen at 0.7743 (Feb 17 Low) from here it to 0.7721 (Feb 13 Low) levels.