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16 Mar 2015
AUD/USD jumps above 0.7675 in the US opening bell
FXStreet (Tokyo) - The Australian Dollar is currently trading higher against its American counterpart as the pair is joining a cocktail from bad US economic data, plus strong stocks and weak US dollar.
The AUD/USD rose around 50 pips from 0.7630 to trade as high as 0.7680 just at the US opening bell. Currently, AUD/USD is trading at 0.7668, up 0.39% on the day, having posted a daily high at 0.7680 and low at 0.7613.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD forecast
According to the FXStreet Forecast Poll, the AUD/USD is set to do lower lows. "The Australian dollar seems doom, expected to fall against the greenback as low as 0.7200 during the upcoming quarter."
As for the short term, if the pair extends advance, it will find resistances at 0.7685 and 0.7700. To the downside, supports are at 0.7660 and 0.7625.
The AUD/USD rose around 50 pips from 0.7630 to trade as high as 0.7680 just at the US opening bell. Currently, AUD/USD is trading at 0.7668, up 0.39% on the day, having posted a daily high at 0.7680 and low at 0.7613.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
AUD/USD forecast
According to the FXStreet Forecast Poll, the AUD/USD is set to do lower lows. "The Australian dollar seems doom, expected to fall against the greenback as low as 0.7200 during the upcoming quarter."
As for the short term, if the pair extends advance, it will find resistances at 0.7685 and 0.7700. To the downside, supports are at 0.7660 and 0.7625.