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FxWirePro: Aussie extends rebound from six-year lows, AUD/USD firm above 0.73 barrier

Aussie extended its rebound from fresh six-year lows and remains firmer above the 0.73 barrier AUD/USD hits fresh session highs as pre FOMC short covering kicks in At the time of writing the pair is trading at 0.7320, up…

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  • Aussie extended its rebound from fresh six-year lows and remains firmer above the 0.73 barrier 

  • AUD/USD hits fresh session highs as pre FOMC short covering kicks in

  • At the time of writing the pair is trading at 0.7320, up a healthy 0.7% on the day

  • Immediate resistance is found at 0.7324 (July 27 high) and then by 0.7362 (Daily High Jul 24), supports on the flipside are located at 

  • Traders await Wednesday's FOMC decision and Thursday's RBA Stevens speech, the main markets movers this week


Resistance Levels:

R3: 0.7371 (10-Day MA)

R2: 0.7362 (Daily High Jul 24)

R1: 0.7324 (July 27 high)

Support levels:

S1: 0.7264 (Session Low Jul 27)

S2: 0.7260 (2015 Low Jul 24)

S3: 0.7241 (Daily Low May 1 2009)

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