FxWirePro: AUD/USD consolidating around 0.7668, bias is bullish
AUD/USD inched higher on Wednesday erasing some losses suffered earlier in the European session as slight weakness in US dollar supported Aussie bulls. Short pullback around 0.7600 should be viewed as buying opportunitie…
AUD/USD inched higher on Wednesday erasing some losses suffered earlier in the European session as slight weakness in US dollar supported Aussie bulls.
Short pullback around 0.7600 should be viewed as buying opportunities, as Australian dollar is stronger against the US dollar in intraday trading.
The pair is trading at 0.7668 levels, it is set to advance further towards 0.7700 later towards 0.7750 in the short term.
Strong support can be seen at 0.7593, a break below this level will expose the pair towards next support level located at 0.7554.
Major resistance can be seen at 0.7761, a break above this level will open the gates towards 0.7800 levels.
