Parity rose slightly on the positive comments of Australian Central Bank President Philip Lowe on the Australian economy. Lowe said the economy was growing faster. Despite the upsurge, the pair continues to fall below 0.7635, where the two-month summit bats we touched during the week we were in touch, on weak winds, weak earnings growth, rising housing prices and high household debt.
Nevertheless, with the soft price movements in US bond rates failing to support the US dollar demand and supporting high-yielding currencies like the AUD, the pair continues to hold on 0.7600 psychological levels with minor gains.
At the beginning of the new trading week, with the free economic basket, the price movements of the parity are at the mercy of the dynamics of US bond interest before the talk of Chicago Fed President Charles Evans.
The AUD / USD pair is currently trading at 0.7620 with a 0.01% loss.
Significant technical levels for AUD / USD
0.7635 (horizontal level), 0.7700 (psychological level), 0.7600 (psychological level), 0.7575-70 (horizontal level), 0.7500 and 0.7530 (200-day SMA) levels of support.