The aussie is the weakest performing major currency on the day
While ranges are still limited, the aussie is so far the laggard in trading today. And that sees AUD/USD 0.14% lower slowly heading towards the 0.7500 handle.
Sitting in the way though is the 22 June low @ 0.7535. That was a level which stalled declines back in November so it is an area for buyers to lean on but the bigger one to look out for will be the 0.7500 figure level. Expect strong bids in the area if we are to move towards that.
As for upside levels, buyers need to get above the 0.7590 (100-hour MA) level (also mentioned by Eamonn here) first in order to build on momentum before retesting the 76.4/23.6 retracement level above @ 0.7652.
