AUD/USD extends recovery to near 0.7000

FXStreet (Córdoba) - The Australian dollar is on recovery mode on Thursday along with other commodity currencies and oil prices.

AUD/USD bounced from daily lows at the 0.6875 area and climbed more than 100 pips over the last hours, hitting a fresh 6-day high of 0.6977 in recent dealings. At time of writing, the pair is trading at 0.6968, recording a 0.91% gain on the day, and extending its comeback from multi-year lows scored last week.

AUD/USD technical levels

In terms of technical levels, AUD/USD could find immediate resistances are seen at 0.7000 (Jan 15 high/psychological level) and 0.7085 (Jan 7 high), while supports are seen at 0.6826 (7-year low, Jan 15), 0.6855 (Apr 2009 monthly low) and 0.6800 (psychological level).