AUD/USD climbs to 3-day highs

AUD/USD rose further and reached fresh daily highs as the greenback weakened versus major rivals despite better-than-expected US data.

AUD/USD climbed above the 10-day SMA and reached a peak of 0.7243, although it lacked momentum to test the 200-day SMA, which stands as immediate resistance for the pair. At time of writing, AUD/USD is trading at 0.7237, up 0.55% on the day.

The US dollar failed to benefit from better-than-expected durable goods orders and jobless claims data, as main focus remains on tomorrow’s Fed Chair Yellen speech.

AUD/USD levels to consider

In terms of technical levels, next resistances could be found at 0.7253 (200-day SMA) and 0.7330 (May 18 high) ahead of 0.7342 (100-day SMA). On the flip side, supports are seen at 0.7162 (May 26 low), 0.7144 (May 24 low) and 0.7108 (Mar 1 low).