FxWirePro: AUD/USD consolidating around 0.7485, bias is bullish
AUD/USD pair rose on Tuesday as Australian dollar was propelled by soaring commodity prices and weak greenback. The greenback fell across the board on profit-taking ahead of risk-packed events including the Federal Reser…
AUD/USD pair rose on Tuesday as Australian dollar was propelled by soaring commodity prices and weak greenback.
The greenback fell across the board on profit-taking ahead of risk-packed events including the Federal Reserve's December policy meeting.
Currently, the currency pair is trading around 0.7485 levels, it is set to advance further towards 0.7520 later towards 0.7550 levels in the short term.
To the upside, immediate resistance can be seen at 0.7488, a break above this level would take the pair towards next resistance level at 0.7525.
To the downside, immediate support can be seen at 0.7459, a break below this level will open the door towards next level at 0.7430.
