•0.7560 is providing support
•There is resistance at 0.7701
•Current range: 0.7560 to 0.7701
Further levels in both directions:
•Below: 0.7560, 0.7440, 0.7339 and 0.7251
•Above: 0.7701, 0.7835 and 0.7938
The Australian dollar has edged higher on Monday, erasing the losses which marked the Friday session. Early in the North American session, AUD/USD is trading at 0.7650. In economic news, Australian ANZ Job Advertisements declined 0.8%. Later on Monday, we’ll get a look at NAB Business Confidence. In the US, the sole event on the schedule is the Labor Market Conditions Index. The indicator has recorded five straight declines. Will we see a move into positive territory?