AUD/USD regains 100-DMA and beyond

The AUD/USD pair quickly bounced-off a brief dip below 0.75 handle and now attempts gains back beyond 100-DMA amid improved risk sentiment.

AUD/USD: 0.7550 back on sight

Currently, the AUD/USD pair now trades modestly flat at 0.7517, having found solid support near 0.7500 region. The Aussie ran through fresh bids last hour and tested Thursday’s high ahead of 0.7520 region as a relief-rally witnessed across the Asian markets underpin the sentiment behind the higher-yielding currency AUD.

However, the recovery appears fragile amid subdued trading activity seen in oil prices; while a lack of fresh fundamental triggers also keep the upside in check. Later today, all eyes remain on the US CPI, especially after a series of downbeat US economic data released a day before.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7522 (Sept 15 high) above which gains could be extended to the next hurdle located at 0.7561/62 (20 & 10-DMA). On the flip side, the immediate support located at 0.7493 (daily pivot). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7427 (200-DMA).