18 Jun 2015
AUD/USD extends gains to near 1-month high around 0.7850
FXStreet (Barranquilla) - The Australian Dollar is taking profit from the US Dollar weakness after the FOMC meeting and after jumping 130 pips from 0.7715 priced in the Asian session, the AUD/USD is now trading at highs since May 22 at 0.7850.
The AUD/USD is rising today after two days of decline and now the pair is breaking above the recent 0.7700-0.7800 range. With today's gains, the AUD/USD is turning positive for the second week; extending June rebound.
Currently, AUD/USD is trading at 0.7833, up 1.09% on the day, having posted a daily high at 0.7851 and low at 0.7710. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD Levels
If the pair manages to break above 0.7850, it will find resistances at 0.7865 and 0.7900. To the downside, 0.7815, 0.7800 and 0.7770 are resistances.
The AUD/USD is rising today after two days of decline and now the pair is breaking above the recent 0.7700-0.7800 range. With today's gains, the AUD/USD is turning positive for the second week; extending June rebound.
Currently, AUD/USD is trading at 0.7833, up 1.09% on the day, having posted a daily high at 0.7851 and low at 0.7710. AUD/USD spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD Levels
If the pair manages to break above 0.7850, it will find resistances at 0.7865 and 0.7900. To the downside, 0.7815, 0.7800 and 0.7770 are resistances.