15 Jun 2015
AUD/USD rises above 0.7750 to 3-day high
FXStreet (Córdoba) - AUD/USD broke above the 0.7750 area and pushed to fresh daily highs as the dollar weakened slightly at the beginning of the American session.
AUD/USD climbed to its highest level since Thursday at 0.7764, with disappointing US manufacturing data adding pressure on the greenback. US Empire State manufacturing index came in at -1.98, its weakest since Jan 2013, versus 5.20 expected and down from 3.09 in May.
Next Asian session, the Reserve Bank of Australia will release the minutes from the last meeting.
AUD/USD levels to watch
At time of writing, the pair is trading at 0.7760, recording a 0.38% gain on the day. As for technical levels, immediate resistances are seen at 0.7778 (100-day SMA), 0.7800 (psychological level) and 0.7818 (Jun 3 high). On the other hand, supports could be found at 0.7703/00 (Jun 15 low/psychological level) and 0.7677 (Jun 12 low).
AUD/USD climbed to its highest level since Thursday at 0.7764, with disappointing US manufacturing data adding pressure on the greenback. US Empire State manufacturing index came in at -1.98, its weakest since Jan 2013, versus 5.20 expected and down from 3.09 in May.
Next Asian session, the Reserve Bank of Australia will release the minutes from the last meeting.
AUD/USD levels to watch
At time of writing, the pair is trading at 0.7760, recording a 0.38% gain on the day. As for technical levels, immediate resistances are seen at 0.7778 (100-day SMA), 0.7800 (psychological level) and 0.7818 (Jun 3 high). On the other hand, supports could be found at 0.7703/00 (Jun 15 low/psychological level) and 0.7677 (Jun 12 low).