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3 Feb 2015
AUD/USD breaks above 0.7800
FXStreet (Edinburgh) - The Aussie dollar has joined the recovery train during the evening in Europe, pushing AUD/USD back beyond the 0.7800 key handle.
AUD/USD bounces off 0.7620
After hitting fresh multi-year lows in the 0.7620 area post-RBA rate cut, the pair managed not only to leave behind those levels but also to retake the 0.7700 and (now) the 0.7800 psychological barrier against a backdrop of rising sentiment towards the risk appetite.
Next of note in Oz will be the Performance of Services index gauged by AiG for the last month (47.5 prev.).
AUD/USD levels to consider
The pair is now losing 0.29% at 0.7829 with the next resistance at 0.7883 (10-d MA) followed by 0.7900 (psychological level) and then 0.7907 (high Jan.29). On the downside, a break below 0.7627 (2015 low Feb.3) would aim for 0.7600 and 0.7500 (psychological levels).
AUD/USD bounces off 0.7620
After hitting fresh multi-year lows in the 0.7620 area post-RBA rate cut, the pair managed not only to leave behind those levels but also to retake the 0.7700 and (now) the 0.7800 psychological barrier against a backdrop of rising sentiment towards the risk appetite.
Next of note in Oz will be the Performance of Services index gauged by AiG for the last month (47.5 prev.).
AUD/USD levels to consider
The pair is now losing 0.29% at 0.7829 with the next resistance at 0.7883 (10-d MA) followed by 0.7900 (psychological level) and then 0.7907 (high Jan.29). On the downside, a break below 0.7627 (2015 low Feb.3) would aim for 0.7600 and 0.7500 (psychological levels).