The Aussie is seeing a limited bounce fueled by Dollar weakness. Friday brings little data to the table, market direction in the hands of risk appetite to end the week. The AUD/USD is still trading near 0.7370 after double-bottoming from the 0.7350 region on Thursday. The US Dollar was forced down alongside Treasury yields in the US session for Thursday, helping to prop up the Aussie as the Greenback slumped across the board. Friday brings little of note for either currency, though the US will be seeing Markit PMI figures at 13:45 GMT, where the headline Markit PMI Composite is expected to tick down to 55.1 from the previous reading of 56.6. AUD/USD levels to watch As noted by FXStreet’s Eren Sengezer, the AUD/USD sees support and resistance barriers close by on both sides of current prices: “the initial support for the pair could be seen at 0.7345 (daily low) ahead of 0.7285 (Jan. 6, 2017, low) and 0.7200 (psychological level). On the upside, resistances are located at 0.7425 (Jun. 19 high), 0.7500 (psychological level) and 0.7540 (50-DMA).” 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 NZD/USD: Off 6-month low, focus on broader market sentiment FX Street 3 years The Aussie is seeing a limited bounce fueled by Dollar weakness. Friday brings little data to the table, market direction in the hands of risk appetite to end the week. The AUD/USD is still trading near 0.7370 after double-bottoming from the 0.7350 region on Thursday. The US Dollar was forced down alongside Treasury yields in the US session for Thursday, helping to prop up the Aussie as the Greenback slumped across the board. Friday brings little of note for either currency, though the US will be seeing Markit PMI figures at 13:45 GMT, where the headline Markit PMI Composite is… 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.
