AUD/USD jumps to 0.8128 ahead of ECB

FXStreet (Mumbai) - The Aussie climbed higher against the US dollar during the European session, as traders now weigh the high risks of disappointment from the upcoming ECB outcome, which may hurt the US dollar.

Currently, the AUD/USD traded at fresh session highs at 0.8128 levels, up 0.50% on the day. The USD bulls have turned on the sideline ahead of the eagerly awaited ECB quantitative easing announcement to be out shortly.

AUD/USD Technical Levels

The pair has an immediate resistance at 0.8194 levels, above which gains could be extended to 0.8235 levels. On the flip side, support is seen at 0.8056 from here it to 0.80 levels.