FxWirePro:AUD/USD consolidating around 0.7681, bias is bullish
The AUD/USD inched higher in the US session, as commodity currencies strengthened across the board after oil prices rose sharply towards $46 per barrel. The pair hit high at 0.7691, after finding buying interest around 0…
The AUD/USD inched higher in the US session, as commodity currencies strengthened across the board after oil prices rose sharply towards $46 per barrel.
The pair hit high at 0.7691, after finding buying interest around 0.7657 levels before retreating slightly towards 0.7684 levels in the early US session.
Currently, the currency pair is trading at 0.7681 levels, it is set to advance future towards 0.7700 and 0.7750 levels in the short term.
To the upside, the strong resistance can be seen at 0.7758, a break above this level would take the pair towards next resistance level at 0.7800.
To the downside immediate support can be seen at 0.7676, a break below this level will open the door towards next level at 0.7627.
