AUD/USD resumes rise, approaches 0.7500

AUD/USD advanced to 11-day highs on Monday as the US dollar remains weak across the board as Brexit fears eased over the last days following new polls showing the “remain” vote regaining the lead

AUD/USD reached a peak of 0.7471 during the European session and following a short-lived corrective move, the pair is back challenging the upside at the 0.7470 zone, up 1.04% on the day.

Trading remains subdued as investors assess recent events, ranging from Fed’s decision to the kill of a UK PM, and await the EU referendum next Thursday.

AUD/USD levels to watch 

In terms of technical levels, next resistances could be found at 0.7504 (Jun 9 high), 0.7517 (May 4 high) and 0.7555 (Apr 27 low). On the flip side, supports are seen at 0.7404 (100-day SMA), 0.7360 (Jun 17 low) and 0.7330 (Jun 14 low).

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