AUD/USD Firmer, Looks to Regain 0.7700
The Aussie dollar is gathering further traction today, now lifting AUD/USD to test fresh highs in the 0.7700 neighbourhood.
AUD/USD boosted by data
Auspicious
results from the labour market in Oz during March plus recent positive
news from the Chinese economy have lent extra wings to AUD, helping spot
to regain the 0.7700 mark and beyond.
Ahead in the day, US CPI
figures are taking centre stage today seconded by Initial Claims, while
the RBA’s Financial Stability Review and Chinese Q1 GDP figures will be
in the limelight early on Friday.
AUD/USD levels to watch
At
the moment the pair is advancing 0.56% at 0.7696 and a surpass of
0.7723 (2016 high Mar.31) would expose 0.7739 (monthly high Jul.1 2015)
and finally 0.7851 (monthly high Jun.18 2015). On the flip side, the
next support aligns at 0.7599 (20-day sma) ahead of 0.7511 (23.6% Fibo
of 0.6824-0.7723) and then 0.7475 (low Mar.24).
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