AUD/USD is building bullish momentum above 0.75

FXStreet – The AUD/USD can his profits with the early American trade to expand, and so will the psych. Brand the 0.75 overcome.

Currently, the trade takes place to 0,7510/15 and the Pair of high-despite the USD recovery, a new day. The political turmoil in the United States, and the fading expectations of additional interest rate increases in the year 2017, to put the Greenback. The US data was the least bad, and the US bond yields fell. This combination is the beneficiary of capital flows to higher-yielding currencies such as the Aussie.

The markets are already pricing in a June Fed rate hike. So the Couple runs the risk of suffering a sharp reversal movement, if the Fed session Protocol fails on Wednesday strongly hawkish.

Important Levels

Resistances are the 50-day SMA in the vicinity of the 0,7530/35, at the 100-day SMA of 0,7555 and 0,7600 On the other hand, the next supports at 0,7485 and 0,7435/30 are less than 0.75. H

** FXStreet News Editorial, FXStreet**

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