24 Jun 2015
AUD/USD falls toward 0.7700
FXStreet (Córdoba) - AUD/USD accelerated the slide and fell to fresh daily lows at the beginning of the New York session as the dollar strengthened across the board despite US GDP revision was unimpressive.
AUD/USD came under renewed pressure and broke below previous daily low to hit a new one at 0.7705 in recent dealings. At time of writing, the pair is trading at 0.7710, still down % on the day.
There is no first-tier data scheduled for the rest of the session, but with market focus on Greece negotiations, sentiment could drive trading over the upcoming hours.
AUD/USD levels to watch
As for technical levels, AUD/USD could find immediate supports at 0.7679 (Jun 23 low), 0.7645 (Jun 17 low) and the 0.7598/0.7603 zone (Jun 5 & 8 lows). On the other hand, resistances line up at 0.7747 (10-day SMA), 0.7770/73 (Jun 24 high/100-day SMA), and 0.7800 (psychological level).
AUD/USD came under renewed pressure and broke below previous daily low to hit a new one at 0.7705 in recent dealings. At time of writing, the pair is trading at 0.7710, still down % on the day.
There is no first-tier data scheduled for the rest of the session, but with market focus on Greece negotiations, sentiment could drive trading over the upcoming hours.
AUD/USD levels to watch
As for technical levels, AUD/USD could find immediate supports at 0.7679 (Jun 23 low), 0.7645 (Jun 17 low) and the 0.7598/0.7603 zone (Jun 5 & 8 lows). On the other hand, resistances line up at 0.7747 (10-day SMA), 0.7770/73 (Jun 24 high/100-day SMA), and 0.7800 (psychological level).