FXStreet – The AUD/USD extending its recovery the 3. Day in a row and the week can be made high while the Pair is struggling to extend the dynamics on the 0,7400.
The Pair extends its recovery from a 4 month low, which has been formed this week. The course development is benefiting from the slight recovery in the copper prices, which are the currencies of the raw material such as the Australian Dollar support. Add to that the subdued sentiment towards the Greenback and yields a downward correction in the US Treasury Bonds.
From the USA expect us today, Inflation, retail sales and preliminary Reuters/Michigan consumer sentiment, which in the case of a positive Surprise on bond yields, should support and therefore the device, the recovery in the higher yielding currencies like the Aussie in danger.
About 0,7400 the next Resistances lie at 0,7425, 0,7460 and 0.75. On the other hand, supports are located under 0,7370/65 on the multi-month low of 0,7330.
** FXStreet News Editorial, FXStreet**