FxWirePro: AUD/USD intraday upside momentum strong after commodities rally
AUD/USD inched higher on Monday as Australian dollar was helped by rally in commodities prices but gains were as the pair found resistance at 0.7600 levels. In the next session Australia will release NAB Business Confide…
AUD/USD inched higher on Monday as Australian dollar was helped by rally in commodities prices but gains were as the pair found resistance at 0.7600 levels.
In the next session Australia will release NAB Business Confidence and NAB Business Confidence which if positive, may send the pair back to its recent highs near the 0.7633 level.
To the upside, the strong resistance can be seen at 0.7570, a break above this level would take the pair towards next resistance level at 0.7638.
To the downside immediate support can be seen at 0.7480, a break below this level will open the door towards next level at 0.7423.
