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23 Jun 2015
AUD/USD's recovery capped at PP of 0.7750
FXStreet (Barranquilla) - The Australian Dollar’s recovery from a 6-day low of 0.7680 against the US Dollar was capped by the Pivot Point level of the day at 0.7750. The AUD/USD was sold at this level and now it's back at 0.7720.
The pair is trading under pressure amid USD strength. The US Dollar Index DXY is trading higher today, rallying above the 95.00 level.
Currently, AUD/USD is trading at 0.7724, down -0.05% on the day, having posted a daily high at 0.7750 and low at 0.7679. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD Forecast
According to the latest AUD/USD Forecast Poll, the "AUD/USD bearish potential accelerates: having failed around 0.7800, investors are now seeing the pair back down to 0.7500." In addition, Yohay Elam from ForexCrunch reminds that the "RBA wants a weaker AUD, and Chinese data could help."
AUD/USD levels
If the pair extends gains above 0.7750, it will find resistances at 0.7777, 0.7800 and 0.7850. T the downside, supports are at 0.7700, 0.7680 and 0.7640.
The pair is trading under pressure amid USD strength. The US Dollar Index DXY is trading higher today, rallying above the 95.00 level.
Currently, AUD/USD is trading at 0.7724, down -0.05% on the day, having posted a daily high at 0.7750 and low at 0.7679. AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
AUD/USD Forecast
According to the latest AUD/USD Forecast Poll, the "AUD/USD bearish potential accelerates: having failed around 0.7800, investors are now seeing the pair back down to 0.7500." In addition, Yohay Elam from ForexCrunch reminds that the "RBA wants a weaker AUD, and Chinese data could help."
AUD/USD levels
If the pair extends gains above 0.7750, it will find resistances at 0.7777, 0.7800 and 0.7850. T the downside, supports are at 0.7700, 0.7680 and 0.7640.