23 Mar 2015
AUD/USD reaches fresh 3-day high above 0.7830
FXStreet (Mumbai) - AUD/USD accelerated gains and pierced through 0.78 barrier in the mid-Asian session, mainly driven by gains in the Kiwi while the reversal in the US dollar also boosted the Aussie.
AUD/USD extends beyond 0.7800
Currently, the AUD/USD trades higher by 0.66% at 0.7825 levels, retreating from fresh session highs posted at 0.7834. The Aussie added further gains largely mirroring gains on a rallying New Zealand dollar after shorts were squeezed above 0.7620 levels.
Moreover, AUD/USD received further boost from a muted greenback after the US dollar gave back previous gains versus its major competitors and traded flat 98.04 levels.
Meanwhile, the pair is likely to be influenced by dollar moves as the AUD calendar remains dry for the Aussie in the week ahead.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7834 (Today’s High) levels, above which gains could be extended to 0.7845 levels. On the flip side, support is seen at 0.7771 (50-DMA) levels from here it to 0.7750 levels.
AUD/USD extends beyond 0.7800
Currently, the AUD/USD trades higher by 0.66% at 0.7825 levels, retreating from fresh session highs posted at 0.7834. The Aussie added further gains largely mirroring gains on a rallying New Zealand dollar after shorts were squeezed above 0.7620 levels.
Moreover, AUD/USD received further boost from a muted greenback after the US dollar gave back previous gains versus its major competitors and traded flat 98.04 levels.
Meanwhile, the pair is likely to be influenced by dollar moves as the AUD calendar remains dry for the Aussie in the week ahead.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7834 (Today’s High) levels, above which gains could be extended to 0.7845 levels. On the flip side, support is seen at 0.7771 (50-DMA) levels from here it to 0.7750 levels.