AUD/USD struggles to stay above 0.7400 as USD rebounds

  • AUD/USD pares part of its previous two day’s upside momentum.
  • The Australian dollar losses against the greenback on mixed economic data.
  • US Dollar rebounds from the lower levels amid risk-aversion.

AUD/USD pares initial gain and slips into negative territory in the early European trading hours. The pair opened higher but failed to preserve the momentum.

At the time of writing, AUD/USD is trading at 0.7390, down 0.07% for the day.

The US Dollar Index (DXY), which tracks the performance of the greenback against its six major rivals recovers from its earlier lower levels to trade near the 92.00 mark.

The buying interest in the US dollar weighs on the risker assets like Aussie. 

On the other hand, Aussie loses grounds as investors assessed the impact of extended lockdown in Sydney that began today after a spike to record levels of COVID-19 cases. 

Australia’s Q2 Producer Price Index (PPI) rose 0.7% on a quarterly basis, beating the 0.4% growth in Q1. The Private Sector Credit rose 0.9% in June.

It is worth noting that, S&P Futures were trading at $4,373, down 0.87% for the day.

As for now, traders await the US Personal Spending and Income data, and Personal Consumption Expenditure Index (PCE) to trade fresh trading impetus.

AUD/USD additional levels


Today last price 0.7387
Today Daily Change -0.0007
Today Daily Change % -0.09
Today daily open 0.7394
Daily SMA20 0.7424
Daily SMA50 0.7563
Daily SMA100 0.7639
Daily SMA200 0.7598
Previous Daily High 0.7415
Previous Daily Low 0.7358
Previous Weekly High 0.7417
Previous Weekly Low 0.7288
Previous Monthly High 0.7794
Previous Monthly Low 0.7477
Daily Fibonacci 38.2% 0.7393
Daily Fibonacci 61.8% 0.738
Daily Pivot Point S1 0.7364
Daily Pivot Point S2 0.7333
Daily Pivot Point S3 0.7307
Daily Pivot Point R1 0.742
Daily Pivot Point R2 0.7446
Daily Pivot Point R3 0.7477




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