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AUD/USD consolidates at daily highs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - The Australian dollar took advantage of a weaker greenback and climbed to 6-day highs on Tuesday.

    AUD/USD gained more than half a cent and reached its highest level since last Wednesday at 0.7248. AUD/USD is extending a bounce from monthly lows scored last week just below 0.7100, underpinned by a comeback seen in gold and a pullback of the US dollar as the Fed lift-off immediate effects fade.

    AUD/USD levels to consider

    At time of writing, the pair is trading at 0.7232, up 0.65% on the day. On the upside, next resistances are seen at 0.7282 (Dec 15 high), 0.7334 (Dec 10 high) and 0.7385 (Dec 4 high). On the downside, immediate supports could be faced at 0.7181 (Dec 22 low/100-day SMA), 0.7154 (Dec 21 low) and 0.7095 (Dec 17 low).
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