FxWirePro: AUD/USD intraday upside momentum strong after upbeat Chinese data
The AUD/USD pair surged higher on Thursday, as the pair got a lift from upbeat China's August imports data which unexpectedly rose for the first time in 22 months. The Aussie performed strongly during the Asian, but retr…
The AUD/USD pair surged higher on Thursday, as the pair got a lift from upbeat China's August imports data which unexpectedly rose for the first time in 22 months.
The Aussie performed strongly during the Asian, but retreated slightly in the US session.
Currently, the currency pair is trading around 0.7654 levels, it is set to advance further towards 0.7700 later towards 0.7750 levels in the short term.
Short pullback around 0.7660 should be taken as buying opportunities, as Australian dollar is stronger against the US dollar in short-term.
To the upside, the strong resistance can be seen at 0.7724, a break above this level would take the pair towards next resistance level at 0.7724.
To the downside immediate support can be seen at 0.7693, a break below this level will open the door towards next level at 0.7660.
