13 Jul 2015
AUD/USD approaches 2015 lows and rebounds
FXStreet (Córdoba) - A stronger US dollar in the market pushed the AUD/USD toward 2015 lows that lie at 0.7370. The pair dropped below 0.7400 and bottomed at 0.7381 during the American session and currently is hovering around 0.7400, attempting to move off daily lows.
The aussie is losing ground against the US dollar despite risk appetite in market amid Greece deal and a recovery in Chinese stocks. The pair earlier peaked at 0.7467 but failed to hold and pulled back finding support initially at 0.7405/10. The mentioned area is now acting as an intraday resistance.
AUD/USD levels to watch
To the upside immediate resistance lies at 0.7410 and above at 0.7445, 0.7465/70 (daily high) and 0.7495/0.7800 (July 10 high). On the opposite direction, support might be located at 0.7370 (July 8 low) and 0.7350.
The aussie is losing ground against the US dollar despite risk appetite in market amid Greece deal and a recovery in Chinese stocks. The pair earlier peaked at 0.7467 but failed to hold and pulled back finding support initially at 0.7405/10. The mentioned area is now acting as an intraday resistance.
AUD/USD levels to watch
To the upside immediate resistance lies at 0.7410 and above at 0.7445, 0.7465/70 (daily high) and 0.7495/0.7800 (July 10 high). On the opposite direction, support might be located at 0.7370 (July 8 low) and 0.7350.