FXStreet (Córdoba) – AUD/USD is about to end the day posting a mild gain, as commodity currencies showed some resilience to greenback strength on Tuesday.
AUD/USD rallied during the European session helped by a comeback in copper prices, although the upside remained capped by the 50-day SMA at the 0.7140 zone, confining the Aussie to a phase of consolidation. At time of writing, the pair is trading at 0.7119, still up 0.34% on the day.
AUD/USD levels to watch
In terms of technical levels, next resistances are seen at 0.7139 (50-day SMA/Nov 17 high), 0.7158 (Nov 13 high) and 0.7223 (Nov 4 high). On the other hand, supports could be faced at 0.7072 (Nov 17 low), 0.7059 (Nov 12 low) and 0.7015 (Nov 10 low).
(Market News Provided by FXstreet)