AUD/USD rebound from 4-month low, Fed Speeches follow

FXStreet – The Pair reached its lowest level since the 9. January. The AUD/USD was able, however, to a few Pips above the middle of the 0,7300 recover.

The recovery was accompanied by a slight increase in copper prices, which led to a decline in bearish commandments against the commodity currencies such as the Australian Dollar.

Despite the Pullback, the Pair remains on the second day in a row in loss, after today, Australian retail sales for March, weak and failed.
Will be charged the Pair by the continued interest of buying against the US Dollar, which is based on the increasing expectations of a possible Fed rate hike in June.

Next, expect us from the US, the JOLTS job openings, and Speeches by FOMC members Eric Rosengren and Steven Kaplan.

Important Levels

Resistances lie at 0,7375/80, 0,7400 and 0,7425/30. On the other hand, supports are located at 0,7335/30, 0,7300 and 0,7285/80.

** FXStreet News Editorial, FXStreet**

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