AUD/USD clinches highs near 0.7680

The Aussie dollar keeps its bid tone vs. its American counterpart on Tuesday, with AUD/USD advancing to fresh tops in the 0.7670/80 band.

AUD/USD firmer, 0.7700 on sight

The pair is trading in 3-month tops near 0.7680 today in response to a fresh wave of buying pressure around AUD despite July’s confidence gauges in the Australian economy dropped from previous readings.

Spot is deriving support from the upside momentum in iron ore and copper as well as some consolidation around the greenback.

Ahead in the week, AUD will remain vigilant on the speech by Governor G.Stevens (Thursday) along with results from the housing sector and Chinese Industrial Production and Retail Sales.

AUD/USD levels to watch

At the moment the pair is advancing 0.18% at 0.7665 and a break above 0.7836 (2016 high Apr.21) would aim for 0.7851 (high Jun.21 2015) and finally 0.8029 (high Apr.29 2015). On the other hand, the next support aligns at 0.7561 (20-day sma) followed by 0.7492 (low Jul.6) and then 0.7417 (low Jul.27).