FXStreet (Mumbai) – The USD is being offered across the board ahead of the quarterly book closing, which pushed the AUD/USD pair above 0.77 levels.
AUD/USD rises above previous session’s high
The AUD/USD pair rose above the previous session’s high at 0.7712 to print a daily high of 0.7717. The Aussie was relatively resilient against the USD due to the sharp rise in the AUD/NZD pair. The gains were extended in the early European session as the markets sold USD on quarter end book closure.
With nor major data due for release in the US session, the pair is at the mercy of the market’s appetite for the US dollar ahead of the quarter end and amid Greek issue.
AUD/USD Technical Levels
The immediate resistance is located at 0.7761 (10-DMA) above which gains could be extended to 0.7800. On the other hand, support is seen at 0.7679 under which losses could be extended to 0.7600.
(Market News Provided by FXstreet)