AUD/USD rises to 1.5-week high in the vicinity of the 0,7450

FXStreet – The AUD/USD puts to the center of European trade and so can the 1.5 week high to 0,7440-45 to be formed.

Against the Backdrop of weak US data on Friday, the selling pressure against the Greenback. The US Dollar Index falls below 99,00, what is the most important reason for the strong bids towards the Couple.

Add to that the good recovery of raw material prices at the beginning of the week, especially in the case of copper, the Australian Dollar benefits.
Next, expect us from the US Empire State manufacturing index, the short-term-minded traders with a possibility to offer can, before the Asian trading on Tuesday, the RBA meeting minutes will be released.

Important Levels

The 0,7460 is a first resistance and the psych. Wbene the 0.75. On the other hand, supports are located at 0,7430-25, 0,7400, 0,7385 (daily low) and 0,7365.

** FXStreet News Editorial, FXStreet**

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