AUD/USD Technical levels
To the upside, the pair needs to be able to hold on top of 0.8100 that could clear the way for a test of 0.8125 (Sept 2017 high) and the to 0.8160/65. On the flip side, immediate support is seen at 0.8060 (US session low) followed by the 0.8000 handle and 0.7975.
AUD/USD testing again 0.8100. US Q4 GDP below expectations.
The AUD/USD pair dropped to 0.8060 and rebounded rising to 0.8105 (new daily high). It failed to hold above 0.8100 and it was trading at 0.8090, up 75 pips from yesterday’s close.
The aussie erased all losses that followed US President Trump comments yesterday about a “strong dollar”. AUD/USD bottomed at 0.8005 before starting the recovery. It is about to post the seventh weekly gain in-a-row and the highest close since January 2015.
