AUD/USD bought at 0.7690; back to 0.7735

FXStreet (Cocoa) – The AUD/USD is trading on the defensive after falling around 80 pips from PP at 0.7770 to S1 are at 0.7690 where the Australian Dollar was bought against the USD. Now the AUD/USD is trading back at 0.7735.

Currently, AUD/USD is trading at 0.7717, down 0.24% on the day, having posted a daily high at 0.7771 and low at 0.7691. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.

AUD/USD levels

If the AUD/USD extends recovery beyond 0.7735, it will find resistances at 0.7770 and 0.7805. To the downside, supports are at 0.7680 and 0.7660.

The AUD/USD is trading on the defensive after falling around 80 pips from PP at 0.7770 to S1 are at 0.7690 where the Australian Dollar was bought against the USD. Now the AUD/USD is trading back at 0.7735.

(Market News Provided by FXstreet)