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14 Apr 2015
AUD/USD recovery capped by 0.7650
FXStreet (Córdoba) - AUD/USD recovered nearly 100 pips from the 0.7550 area and climbed to fresh daily highs during the American session amid broad dollar weakness, which was fueled by disappointing US data and IMF GDP forecast downgrade.
AUD/USD reached a high of 0.7648 but found sellers and pulled back slightly over the last minutes. The pair however, continues to trade near daily highs at 0.7630, where it prints a 0.57% gain on Tuesday.
AUD/USD is staging a corrective move as investors await China’s Q1 GDP data due for release next Asian session (+7.0% exp), which might act as catalyst for the Aussie.
AUD/USD technical levels
Immediate resistances are now seen at 0.7677 (Apr 13 high) and 0.7800 (psychological level), while supports could be found at the 0.7550 area (Apr 13 & 14 lows) and 0.7532 (6-year low Apr 2).
AUD/USD reached a high of 0.7648 but found sellers and pulled back slightly over the last minutes. The pair however, continues to trade near daily highs at 0.7630, where it prints a 0.57% gain on Tuesday.
AUD/USD is staging a corrective move as investors await China’s Q1 GDP data due for release next Asian session (+7.0% exp), which might act as catalyst for the Aussie.
AUD/USD technical levels
Immediate resistances are now seen at 0.7677 (Apr 13 high) and 0.7800 (psychological level), while supports could be found at the 0.7550 area (Apr 13 & 14 lows) and 0.7532 (6-year low Apr 2).