AUD/USD trims daily losses as sentiment improves

AUD/USD managed to trim most of its intraday losses as risk aversion eased over the last hours, supporting stocks, the Aussie and other commodity currencies.

AUD/USD bounced from a 1-week low of 0.7330 and climbed back toward the 0.7385 zone before finding resistances. The pair was last trading at 0.7373, still 0.76% below its opening price.

AUD/USD levels to watch

In terms of technical levels, next resistances could be found at 0.7410 (Jun 13 high), 0.7451 (50-day SMA) and and 0.7504 (Jun 9 high). On the flip side, supports are seen at 0.7330 (1Jun 14 low), 0.7315 (Jun 6 low) and 0.7266 (200-day SMA).