AUD/USD clinches fresh seven-week highs, briefly regains 0.7800. The aussie’s daily chart shows scope for additional upside. RSI points north, as the bulls eye the horizontal trendline resistance. AUD/USD is battling 0.7800, sitting at the highest levels in seven weeks, as the sentiment remains underpinned by broad-based US dollar weakness. The covid vaccine rollouts driven global economic optimism continues to weigh on the haven demand for the greenback. The dovish RBA minutes and PBOC’s inaction failed to have any impact on the aussie. From a near-term technical perspective, AUD/USD remains on track to challenge the horizontal (orange) trendline resistance at 0.7853, as the upside break from the symmetrical triangle extends into a fresh week. The February 26 high of 0.7884 remains next on the buyers’ radars. With the Relative Strength Index (RSI) pointing upwards, near 62.02, the upside appears more compelling for the aussie. AUD/USD daily chart To the downside, immediate support awaits at the horizontal 50-daily moving average (DMA) at 0.7724. The round number at 0.7700 could then challenge the bearish commitments. The mildly bullish 100-DMA at 0.7679 will likely come to the AUD bulls’ rescue. AUD/USD additional levels to watch 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 Biden administration develops crypto regulatory approach, SEC chair likely to approve Bitcoin ETF FX Street 2 years AUD/USD clinches fresh seven-week highs, briefly regains 0.7800. The aussie's daily chart shows scope for additional upside. RSI points north, as the bulls eye the horizontal trendline resistance. AUD/USD is battling 0.7800, sitting at the highest levels in seven weeks, as the sentiment remains underpinned by broad-based US dollar weakness. The covid vaccine rollouts driven global economic optimism continues to weigh on the haven demand for the greenback. The dovish RBA minutes and PBOC's inaction failed to have any impact on the aussie. From a near-term technical perspective, AUD/USD remains on track to challenge the horizontal (orange) trendline resistance at… Regulated 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.
