FXStreet – After the multi-month low in the area of the 0,7330 was tested, it came out in the AUD/USD to a recovery and so was able, with the early European trade-a new daily high will be formed.
Currently, the trade takes place to 0,7370, while the Few of the slight recovery in raw material prices, particularly copper, will benefit. In connection with the raw material prices, the demand for raw material is increasing currencies including the Australian Dollar.
Add to that the subdued sentiment towards the US Dollar, which is due mainly to the weaker US Treasury bond yields.
Supported the Couple by the strong rally of the AUD/NZD after the RBNZ dovish presented and she said that the recent rise in consumer prices is only temporary.
Next, the US economic data in focus, and here to count } the weekly unemployment benefits, the PPI and some Fed Speeches.
Resistances lie at 0,7385, 0,7400 and 0,7425/30. On the other hand, supports are located at 0,7345/40, 0,7300 and 0,7275/70.
** FXStreet News Editorial, FXStreet**