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AUD/USD erases daily losses


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FXStreet (Córdoba) – The Australian dollar managed to reverse intraday losses and stood around the flat line against the greenback following mixed US housing data.

AUD/USD wavered following the release of Jun 2 RBA minutes, which did not offer any forward guidance and then turned south, sliding to a low of 0.7721 during the European trade. The Aussie has taken back losses over the last hours and reached a session high of 0.7761 in tandem with a greenback pullback across the board.

AUD/USD levels to watch


At time of writing, AUD/USD is trading at 0.7760, little changed on the day. As for technical levels, immediate resistances are seen at 0.7776/79 (100-day SMA/Jun 16 high), 0.7792 (Jun 11 high) and 0.7818 (Jun 3 high). On the other hand, supports could be found at 0.7721 (Jun 16 low), 0.7703/00 (Jun 15 low/psychological level) and 0.7677 (Jun 12 low).