FXStreet (Mumbai) – The downward pressure mounts on AUD/USD in Asian morning, with the Aussie extending its overnight run of losses, largely on the back of a strengthening US dollar across the board as markets digest a slew of latest US data while Greece risk continue to dampen investors’ moods.
AUD/USD declines from 0.7741
Currently, the AUD/USD pair trades -0.26% lower at fresh session lows of 0.7718, heading towards 0.77 handle. The pair snapped previous gains and fell further into losses as a sudden spurt of US dollar buying was witnessed in early moves as traders favour the buck amid ongoing uncertainty over a resolution for Greece.
On Thursday, the Aussie held on to gains, firmer above 0.7700 levels as markets were little impacted by a fresh batch of US data as also by lower oil and gold prices.
In the day ahead, markets keep an eye on US consumer sentiment data amid a data-light European and US macro calendars.
AUD/NZD Technical Levels
The pair has an immediate resistance at 0.7753 (June 23 High) levels, above which gains could be extended to 0.7774 (June 24 High) levels. On the flip side, support is seen at 0.7680 (June 24 Low) levels from here it to 0.7642 (June 17 Low) levels.
(Market News Provided by FXstreet)