AUD/USD corrected a portion of its profits

FXStreet – The currency pair AUD/USD jumped to the beginning of the American business to a new session high at 0,7446 – could the Momentum but not maintained, because the Greenback its losses against the other major currencies to consolidate started. The Couple listed recently on 0,7430 and 0.6 percent in the Plus.

After disappointing results from the Empire State Index for the U.S. state of New York, unescorted, the US Dollar Index (DXY) to a new session low at 98,67. Then, it came to a small reaction of the bulls. Meanwhile, the NAHB housing price index at the reporting month of April climbed from 68 to 70 points, as a result, the Greenback could recover.

The US yields hold, meanwhile, to their Win. The yield on 10-year US government bonds is 0.3 percent in the Plus, which helps the DXY in limiting the losses. The fact that the probability for a rate increase at the June meeting, to below 70 per cent, could weigh on the Index.

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Technical Outlook

The 20-day line at 0,7450 offers first resistance. In addition, the next Resistances at 0,7540 (the 200-day line) and 0,7580 (100-day line). Supports are at 0.7400 (psychological level), 0,7330 (Deep 09. May) and 0,7285 (Deep 06. To find in January).

** FXStreet News Editorial, FXStreet**

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