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12 Mar 2015
AUD/USD trims gains, drops to 0.7675
FXStreet (Córdoba) - The AUD/USD pair was unable to hold on top of 0.7700 and pulled back, trimming gains. The decline from 3-day highs at 0.7730 found support above 0.7675.
Currently the pair is trading at 0.7685, up 1.20% for the day, having the first daily gain in a week and the best performance since November. Risk appetite and a weak US dollar pushed AUD/USD to the upside.
AUD/USD recovery stalled at 0.7730
With today’s rally the aussie erased most of the weekly losses against the US dollar but so far failed to rise back above 0.7730, the key support level that was broken last week. The mentioned area capped the recovery today and has become an important short term resistance.
Currently the pair is trading at 0.7685, up 1.20% for the day, having the first daily gain in a week and the best performance since November. Risk appetite and a weak US dollar pushed AUD/USD to the upside.
AUD/USD recovery stalled at 0.7730
With today’s rally the aussie erased most of the weekly losses against the US dollar but so far failed to rise back above 0.7730, the key support level that was broken last week. The mentioned area capped the recovery today and has become an important short term resistance.