9 Apr 2015
AUD/USD keeps range circa 0.77
FXStreet (Mumbai) - AUD/USD trims gains and remains elevated in the European morning on renewed broader US dollar strength while upbeat Aus construction data continues to support the Aussie.
AUD/USD hovers around 0.7690
Currently, the AUD/USD trades at 0.7693, up 0.14% on the day, having previously posted day’s low at 0.7660 and day’s high at 0.7703. AUD/USD remains underpinned after upbeat OZ data boosts the Aussie.
Australia's construction industry experienced its first expansion in five months in March, indicating that the central bank's recent easy policy is bearing fruit.
However, persistent US dollar strength across the board following FOMC minutes which hinted towards a probable June rate hike may restrict upside in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7729 (April 8 High) levels, above which gains could be extended to 0.7762 (March 29 High) levels. On the flip side, support is seen at 0.7660 levels from here it to 0.7649 (5-DMA) levels.
AUD/USD hovers around 0.7690
Currently, the AUD/USD trades at 0.7693, up 0.14% on the day, having previously posted day’s low at 0.7660 and day’s high at 0.7703. AUD/USD remains underpinned after upbeat OZ data boosts the Aussie.
Australia's construction industry experienced its first expansion in five months in March, indicating that the central bank's recent easy policy is bearing fruit.
However, persistent US dollar strength across the board following FOMC minutes which hinted towards a probable June rate hike may restrict upside in the AUD/USD pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7729 (April 8 High) levels, above which gains could be extended to 0.7762 (March 29 High) levels. On the flip side, support is seen at 0.7660 levels from here it to 0.7649 (5-DMA) levels.