25 Feb 2016
AUD/USD regains 0.7200, hits 2-day high
AUD/USD picked up pace and climbed to fresh daily highs above 0.7200 as the greenback weakened across the board at the beginning of the American session.
Bout of USD-selling sent AUD/USD to a 2-day high of 0.7213. Comments from Fed’s Bullard weighed slightly on the dollar, but overall it has been an uneventful session driven mainly by market sentiment.
Attention now turns to the release of US January durable goods orders data as the main attraction of the day.
AUD/USD levels to watch
AUD/USD is currently trading at 0.7205, a few pips above its opening price. On the upside, next resistances could be faced at 0.7258 (Feb 23 high) and 0.7272 (200-day SMA). On the downside, immediate supports are seen at 0.7153 (100-day SMA), 0.7130 (20-day SMA) and 0.7103/00 (50-day SMA/psychological level).
Bout of USD-selling sent AUD/USD to a 2-day high of 0.7213. Comments from Fed’s Bullard weighed slightly on the dollar, but overall it has been an uneventful session driven mainly by market sentiment.
Attention now turns to the release of US January durable goods orders data as the main attraction of the day.
AUD/USD levels to watch
AUD/USD is currently trading at 0.7205, a few pips above its opening price. On the upside, next resistances could be faced at 0.7258 (Feb 23 high) and 0.7272 (200-day SMA). On the downside, immediate supports are seen at 0.7153 (100-day SMA), 0.7130 (20-day SMA) and 0.7103/00 (50-day SMA/psychological level).