22 May 2015
AUD/USD firmer near 0.7920
FXStreet (Mumbai) - The Australian dollar swung back higher above 0.79 handle against its US counterpart in the mid-Asian session, lifting AUD/USD to fresh session highs. The Aussie strengthened in Asia largely mirroring gains from its OZ neighbour, while a weaker US dollar across the board also underpins the pair.
AUD/USD supported at 0.7900
Currently, the AUD/USD pair trades 0.38% higher at fresh session highs of 0.7924, bouncing-off lows at 0.7896. AUD/USD extended gains for the second straight session and edged higher in Asia amid broad USD weakness following the latest series of downbeat US fundamentals released on Thursday.
The Aussie also moved north tracking gains from the New Zealand dollar as the Kiwi ran through fresh buyers, leading up to 0.74 barrier where stops are likely to trigger which may result in to a sudden spike to the upside beyond 0.7400.
Meanwhile, traders now shift their focus towards the much awaited US CPI figures while Yeller’s speech will also be closely eyed.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7952 (May 11 High) levels, above which gains could be extended to 0.8000 levels. On the flip side, support is seen at 0.7900 levels from here it to 0.7867 (May 21 Low) levels.
AUD/USD supported at 0.7900
Currently, the AUD/USD pair trades 0.38% higher at fresh session highs of 0.7924, bouncing-off lows at 0.7896. AUD/USD extended gains for the second straight session and edged higher in Asia amid broad USD weakness following the latest series of downbeat US fundamentals released on Thursday.
The Aussie also moved north tracking gains from the New Zealand dollar as the Kiwi ran through fresh buyers, leading up to 0.74 barrier where stops are likely to trigger which may result in to a sudden spike to the upside beyond 0.7400.
Meanwhile, traders now shift their focus towards the much awaited US CPI figures while Yeller’s speech will also be closely eyed.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7952 (May 11 High) levels, above which gains could be extended to 0.8000 levels. On the flip side, support is seen at 0.7900 levels from here it to 0.7867 (May 21 Low) levels.