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25 May 2015
AUD/USD flattish circa 0.7825
FXStreet (Mumbai) - The Australian dollar recovers losses and turned in green against its US counterpart in the European morning, lifting AUD/USD to fresh session highs beyond 0.78 handle. The Aussie pared losses from Asia and trades in a flat-lining amid low volumes as European/US markets remain closed on national holidays.
AUD/USD supported at 0.7800
Currently, the AUD/USD pair trades flat at 0.7825, bouncing-off lows at 0.7804. AUD/USD extends its choppy trend in to the European opening bells amid broad based US dollar strength following upbeat US CPI figures released on Friday which surprised markets on the upside. While Fed Yellen’s comments also keep USD bulls underpinned.
The Aussie dipped to lows near 0.78 in early Asia following a renewed selling pressure after headlines hit the wires that Goldman Sachs has cut its commodities index forecast over the next 12 months weighing.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7874 (April 27 High) levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7800 levels from here it to 0.7762 (April 24 Low) levels.
AUD/USD supported at 0.7800
Currently, the AUD/USD pair trades flat at 0.7825, bouncing-off lows at 0.7804. AUD/USD extends its choppy trend in to the European opening bells amid broad based US dollar strength following upbeat US CPI figures released on Friday which surprised markets on the upside. While Fed Yellen’s comments also keep USD bulls underpinned.
The Aussie dipped to lows near 0.78 in early Asia following a renewed selling pressure after headlines hit the wires that Goldman Sachs has cut its commodities index forecast over the next 12 months weighing.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7874 (April 27 High) levels, above which gains could be extended to 0.7900 levels. On the flip side, support is seen at 0.7800 levels from here it to 0.7762 (April 24 Low) levels.