Back
13 Mar 2015
AUD/USD deflates from 0.7700
FXStreet (Mumbai) - AUD/USD reversed previous gains and fell further in to red in the mid-Asian session, in a bout of profit-taking after a massive rally seen yesterday on better than expected Aus employment data.
AUD/USD falls back on 0.76 handle
Currently, the AUD/USD trades lower by -0.27% at 0.7687 levels, moving away from session highs previously posted at 0.7707 levels. The Aussie failed to hold the 0.77 barrier and slipped thereon as traders resorted to profit booking on their AUD longs after yesterday’s strong run boosted by upbeat Australian jobs data.
The losses in AUD/USD were accelerated also on the back of a solid recovery seen in the DXY after falling to 98.64 post below-expected US retail sales in the last North American session.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7707 (Today’s High) levels, above which gains could be extended to 0.7730 levels. On the flip side, support is seen at 0.7662 (5-DMA) levels from here it to 0.7600 levels.
AUD/USD falls back on 0.76 handle
Currently, the AUD/USD trades lower by -0.27% at 0.7687 levels, moving away from session highs previously posted at 0.7707 levels. The Aussie failed to hold the 0.77 barrier and slipped thereon as traders resorted to profit booking on their AUD longs after yesterday’s strong run boosted by upbeat Australian jobs data.
The losses in AUD/USD were accelerated also on the back of a solid recovery seen in the DXY after falling to 98.64 post below-expected US retail sales in the last North American session.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7707 (Today’s High) levels, above which gains could be extended to 0.7730 levels. On the flip side, support is seen at 0.7662 (5-DMA) levels from here it to 0.7600 levels.