FxWirePro: AUD/USD consolidating around 0.7390, bias is bullish
AUD/USD inched higher on Friday as better-than-expected employment data released on Thursday and the Federal Reserve's more dovish tone provided strength in the Aussie. Adding to the Aussie strength was also due to rise …
AUD/USD inched higher on Friday as better-than-expected employment data released on Thursday and the Federal Reserve's more dovish tone provided strength in the Aussie.
Adding to the Aussie strength was also due to rise in crude oil prices, which rose for the first time in seven days.
The currency pair is trading around 0.7390 levels, it is expected to reach 0.7430 and 0.7460 levels in the short term.
To the upside, the strong resistance can be seen at 0.7444, a break above this level would take the pair towards next resistance level at 0.7500.
To the downside immediate support can be seen at 0.7346, a break below this level will open the door towards next level at 0.7303.
