The Australian dollar managed to recoup most of yesterday’s losses versus the greenback, having benefited by gains in equity markets and better risk sentiment. AUD/USD climbed more than half a cent throughout the day and reached a high of 0.7138 during the European session. However, the pair failed to extend its recovery past that level and it has spent the last hours in a slim range just below as investors attention turns to the FOMC minutes to be released later on the day. AUD/USD levels to watch At time of writing, AUD/USD is trading at 0.7120, still up 0.15% on the day, with immediate resistances seen at 0.7145 (100-day SMA), 0.7181 (Feb 16 high) and 0.7217 (Feb 5 high). On the other hand, supports could be found at 0.7077 (20-day SMA), 0.7062 (Feb 12 low) and 0.7037 (Feb 10 low). For more information, read our latest forex news.