AUD/USD lifted around 0.7635

 FXStreet (Mumbai) - The Australian dollar retains gains versus the US dollar in the mid-European session, with AUD/USD extending gains beyond 0.76 handle, largely on the back of broad USD softness while traders wait for economic data in the next session as Australian markets were closed for a holiday today. 

AUD/USD supported at 0.7603
Currently, the AUD/USD pair trades 0.18% higher at 0.7636, easing-off fresh session highs reached at 0.7653 earlier this session. The Aussie was well bid today, snapping 2-days of hugh declines, as the US dollar witnessed a sudden drop following a report from French officials that US President Barack Obama said a strong dollar was a problem, which knocked the buck down across the board. However, the rumour was later denied by the White House. 
Moreover, the AUD/USD pair also remained boosted on better than expected Chinese trade figures. China showed the nation's trade surplus rose from $34.13 billion to $54.49 billion in May. Meanwhile, markets now focus on tomorrow’s NAB Business Confidence Index and Chinese inflation data in absence of significant economic releases due later today. 
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7671 (June 1 High) levels, above which gains could be extended to 0.7700 levels. On the flip side, support is seen at 0.7603 (Today’s Low) levels from here it to 0.7568 (April 15 Low) levels.
Date of publication: Mon, Sep 28 2015 11:01 GMT+4 Read more
AUD/USD retreats to 0.7860

FXStreet (Mumbai) - The USD buyers came back in the early European session, which pushed the AUD/USD pair back to 0.7860 levels from the high of 0.7916.

AUD short squeeze ends

The AUD was offered across the board in the last few trading sessions as markets were widely expecting the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points (bps). Consequently, the pair had shot to a high of 0.7916 on a short squeeze after RBA did announce a 25 bps rate cut.

However, the short squeeze appears to have ended as the European desks seem to prefer US dollars. The uptick in the Treasury yields could also support the recovery in the greenback.
 

Date of publication: Fri, Sep 25 2015 14:51 GMT+4 Read more
AUD/USD dips below 0.7900 after US data

FXStreet (Córdoba) - The Australian dollar is among the weakest currencies on Thursday, having lost more than 1% versus the greenback on the day, after being rejected from the upper-0.8000 area yesterday.

The USD trades mixed after the FOMC statement, which left the options open for a rate hike, having dragged AUD/USD to the 0.7900 area in recent dealings, with the latest string of mixed US data barely interfering.

Date of publication: Wed, Sep 23 2015 14:37 GMT+4 Read more
AUD/USD wavers above 0.78, PBoC underpins

FXStreet (Mumbai) - The Australian dollar trimmed early gains versus the US counterpart in the mid-Asian session, kicking-off the week on a stronger footing following the latest round of stimulus by China's central bank in a bid to spur the country’s growth, boosted the Aussie.

AUD/USD deflates from 0.7826

Currently, the AUD/USD pair trades higher by 0.28% at 0.7809, retreating from previously posted session highs at 0.7826. AUD/USD gave back partial gains, although remains supported above 0.78 barrier, following the latest round of stimulus from Australia's biggest trade partner, China.

Date of publication: Mon, Sep 21 2015 14:30 GMT+4 Read more
AUD/USD falls to daily lows as gold resumes downtrend to 1,900

FXStreet (Tokyo) - The Australian Dollar is trading lower today against its American counterpart as the Aussie is under pressure following yesterday's China trade balance news and the decline in gold prices.

After falling 70 pips from 0.7625, the AUD/USD lost the 0.7600 figure and it's now pricing at daily lows near 0.7550. Currently, AUD/USD is trading at 0.7562, down 0.33% on the day, having posted a daily high at 0.7626 and low at 0.7555.

AUD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

Date of publication: Fri, Sep 18 2015 10:16 GMT+4 Read more
AUDUSD Requires Long Rehabilitation

Yesterday AUDUSD pair turned down from the resistance area, located at around 0.7860 and the daily upper Bollinger line and the 38.2% Fibonacci retracement. The strong downward trend can be seen on the daily chart, which points to the next sales target - 0.7640. Downward trend for AUDUSD can resume.

Date of publication: Wed, Sep 16 2015 14:06 GMT+4 Read more
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