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22 Jun 2015
AUD/USD extends losses towards 0.7700
FXStreet (Córdoba) - AUD/USD extended losses during the American session and hit a 4-day low as the greenback continues to outperform most of its major rivals, having got a small lift from better-than-expected US existing home sales data.
AUD/USD failed to overcome the 0.7800 level and turned south, having dropped more than 70 pips over the last sessions to struck a low of 0.7722 in recent dealings. At time of writing, the pair is trading at 0.7730, down 0.49% on the day.
During the Asian session, Australia's leading indicator, house price index and Chinese Mfg PMI could act as a catalyst for the Aussie.
AUD/USD levels to watch
In terms of technical levels, immediate supports are seen at 0.7709 (Jun 18 low), 0.7677 (Jun 12 low) and 0.745 (Jun 17 low). On the flip side, resistances could be found at 0.7775 (100-day SMA), 0.7795 (Jun 22 high) and 0.7813 (Jun 19 high/50-day SMA).
AUD/USD failed to overcome the 0.7800 level and turned south, having dropped more than 70 pips over the last sessions to struck a low of 0.7722 in recent dealings. At time of writing, the pair is trading at 0.7730, down 0.49% on the day.
During the Asian session, Australia's leading indicator, house price index and Chinese Mfg PMI could act as a catalyst for the Aussie.
AUD/USD levels to watch
In terms of technical levels, immediate supports are seen at 0.7709 (Jun 18 low), 0.7677 (Jun 12 low) and 0.745 (Jun 17 low). On the flip side, resistances could be found at 0.7775 (100-day SMA), 0.7795 (Jun 22 high) and 0.7813 (Jun 19 high/50-day SMA).