19 Jun 2015
AUD/USD deep in red circa 0.7760
FXStreet (Mumbai) - The Australian dollar accelerated losses below 0.78 handle versus the US dollar in European session, with AUD/USD hovering near fresh session lows. The pair was heavily sold-off largely driven by upbeat sentiment on the US dollar amid a data-light trading session.
AUD/USD back below 0.7800
Currently, the AUD/USD pair trades -0.44% lower at 0.7763, retreating from fresh session lows of 0.7754. The Aussie fell back in red as the USD bulls jumped back into bids riding higher on the recent series of upbeat US fundamentals.
The Aussie is expected to consolidate on the downside during the last trading day of the week, correcting the previous session's gains.
While Trading is expected to be very light today due to
no data releases on the domestic front, while foreign economies also offer very few weighty fundamentals.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7851 (June 18 High) levels, above which gains could be extended to 0.7874 (April 27 High) levels. On the flip side, support is seen at 0.7754 (Today’s Low) levels from here it to 0.7708 (June 18 Low) levels.
AUD/USD back below 0.7800
Currently, the AUD/USD pair trades -0.44% lower at 0.7763, retreating from fresh session lows of 0.7754. The Aussie fell back in red as the USD bulls jumped back into bids riding higher on the recent series of upbeat US fundamentals.
The Aussie is expected to consolidate on the downside during the last trading day of the week, correcting the previous session's gains.
While Trading is expected to be very light today due to
no data releases on the domestic front, while foreign economies also offer very few weighty fundamentals.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7851 (June 18 High) levels, above which gains could be extended to 0.7874 (April 27 High) levels. On the flip side, support is seen at 0.7754 (Today’s Low) levels from here it to 0.7708 (June 18 Low) levels.