4 Mar 2015
AUD/USD retreats toward 0.7800
FXStreet (Córdoba) - AUD/USD climbed after the release of the ADP employment report to 0.7860, reaching the highest level in almost a week but then lost momentum and retreated erasing gains. During the American session bottomed at 0.7802 but rebounded and currently trades at 0.7816, unchanged for the day.
Despite holding against the US dollar the aussie is falling sharply versus the loonie and the kiwi. AUD/NZD is testing record lows at 1.0300 while AUD/CAD lost more than a hundred pips from the highs.
AUD/USD technical levels
To the upside resistance could be located at 0.7845, 0.7860 (daily high) and 0.7900 (Feb 25 high). On the opposite direction support might lie at 0.7795 (daily low), 0.7755 (Feb 19, March 3 low) and 0.7725.
Despite holding against the US dollar the aussie is falling sharply versus the loonie and the kiwi. AUD/NZD is testing record lows at 1.0300 while AUD/CAD lost more than a hundred pips from the highs.
AUD/USD technical levels
To the upside resistance could be located at 0.7845, 0.7860 (daily high) and 0.7900 (Feb 25 high). On the opposite direction support might lie at 0.7795 (daily low), 0.7755 (Feb 19, March 3 low) and 0.7725.