AUD/USD jumped in Asian trading
AUD/USD made a fast move to 0.7535 and ticked a few pips beyond in early US trading but its faded back since and is trading near the US low of 0.7504. That's the first level of bids.
More bids:
- 0.7488 - 100-day moving avg
- 0.7463 - Asian low
- 0.7455/58 - Monday low, trend support
- 0.7443 - July 22 low
- 0.7410/00 - medium demand
Offers:
- 0.7540 - today's high
- 0.7550 - medium offers
- 0.7560 - minor technical resistance
- 0.7591 - July 19 high
- 0.7621 - July 18 high
- 0.7676 - recent cycle high
The Australian CPI report for the second quarter is due up later and it's pivotal for the RBA and AUD/USD.
