6 Jul 2015
AUD/USD recovers from 6-year low
FXStreet (Córdoba) - The Australian dollar has managed to recover ground and filled the weekly opening gap after falling to a 6-year low pressured by flight to safety after the NO vote in Greece.
AUD/USD bottomed out at 0.7462, last seen May 18 2009, and then bounced off, rising to a high of 0.7521 before finding resistance. The pair has spent the last hours trading on both sides of 0.7500 and it was last at 0.7504, recording a 0.42% loss on the day.
AUD/USD levels to watch
As for technical levels, immediate resistances are seen at 0.7536 (Jul 3 closing price), 0.7585 (Jun 29 low) and 0.7650 (10-day SMA). On the other hand, supports could be found at 0.7462 (6-year low Jul 6), 0.7449 (May 18 2009 low) and 0.7400 (psychological level).
AUD/USD bottomed out at 0.7462, last seen May 18 2009, and then bounced off, rising to a high of 0.7521 before finding resistance. The pair has spent the last hours trading on both sides of 0.7500 and it was last at 0.7504, recording a 0.42% loss on the day.
AUD/USD levels to watch
As for technical levels, immediate resistances are seen at 0.7536 (Jul 3 closing price), 0.7585 (Jun 29 low) and 0.7650 (10-day SMA). On the other hand, supports could be found at 0.7462 (6-year low Jul 6), 0.7449 (May 18 2009 low) and 0.7400 (psychological level).