The Aussie is grasping towards the 0.74 handle as markets head into Friday with a note of Greenback selling. US Markit PMIs will cap off the economic calendar for the week. The AUD/USD is clipping into the 0.74000 key level as the US Dollar continues to step down in broader markets as risk appetite recovers for the final Friday sessions. The Aussie continues to capitalize on the Greenback’s newfound weakness in the fx markets against the wider currency bloc, as a risk sentiment recovery coupled with US Treasury yields also walking back from their recent perch is dragging the USD further down the charts as markets round the corner into the last day of the trading week. The AUD has clocked out for the weekend on the economic calendar, but the upcoming US session sees Markit PMIs for the US dropping at 13:45 GMT, with the Markit Composite PMI slated to come in at 55.1, versus the previous reading of 56.6. AUD/USD Technical analysis With the AUD/USD double-bottoming off of a key level from May 2017, today’s bullish momentum is being fueled less by Aussie buying and more by a walkback in broader markets by the US Dollar, and a Dollar recovery could easily ruin AUD bullish potential. AUD/USD Chart, 15-Minute Spot rate: 0.7394 Relative change: 0.26% High: 0.7397 Low: 0.7369 Trend: Flat Support 1: 0.7369 (current day low) Support 2: 0.7347 (key support; double bounce region) Support 3: 0.7315 (161.8% Fibo level) Resistance 1: 0.7408 (June 20th swing high) Resistance 2: 0.7450 (R3 daily pivot) Resistance 3: 0.7483 (23.6% weekly Fibo level) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Eurozone: Further deterioration in manufacturing PMIs? – TDS FX Street 3 years The Aussie is grasping towards the 0.74 handle as markets head into Friday with a note of Greenback selling. US Markit PMIs will cap off the economic calendar for the week. The AUD/USD is clipping into the 0.74000 key level as the US Dollar continues to step down in broader markets as risk appetite recovers for the final Friday sessions. The Aussie continues to capitalize on the Greenback's newfound weakness in the fx markets against the wider currency bloc, as a risk sentiment recovery coupled with US Treasury yields also walking back from their recent perch is dragging the USD… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
