AUD / USD Current Price: 0.7590
- Australia will not release macroeconomic data in the coming days.
- AUD / USD maintains its bullish potential, trading just below the 0.7600 figure.
AUD / USD is trading a handful of pips below the 0.7600 level, supported by positive market mood. Limited volumes and a contraction in the trade surplus kept the pair below the year high at 0.7639. An extended holiday in Australia last week will be followed by an empty macroeconomic calendar in the country throughout the last trading days of the year.
AUD / USD Short-Term Technical Outlook
AUD / USD maintains its bullish position in the daily chart, developing above a bullish 20 SMA, which provides dynamic support around 0.7495. Technical indicators resumed their progress to positive levels after correcting extreme overbought conditions. The 4-hour chart shows the pair is developing above all of its moving averages, while technical indicators have lost their bullish momentum but are holding well above their midlines.
Support levels: 07540 0.7495 0.7450
Resistance levels: 0.7600 0.7640 0.7680
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