AUD / USD rallied tandem with gold, eyes at 0.7950 level
AUD / USD rallied tandem with gold, eyes at 0.7950 level

The recovery in the AUD / USD parity, risk-free rally at the safe harbor supported the rally in the commodity-linked AUD environment, and high copper and oil prices were added to the AUD gains. Comex plunged to its highest level since June 2017 at $ 1303.09 with a gain of + 0.70%.

In addition, Spain’s “terrorist attack” caused a loss of appetite for risk in Europe, risky assets for risky assets such as stock exchanges and bonds, and the US dollar against other currencies. For this reason, the pair also benefited from persistently weak broad-based US dollar weakness.

The AUD was one of the biggest winners in Europe after Kiwi, his neighbor riding to the 0.7323 level with a gain of 0.58%. The UoM Consumer Confidence Index data from the US is expected on the data front, attention will be on the talk of Dallas Fed President Robert Kaplan.
The AUD / USD pair is currently trading at 0.7921 with a gain of 0.44%.

Significant technical levels for AUD / USD
0.7905, 0.7935 and 0.7962 levels of resistance may provide support for the 0.7855 / 60 and 0.7830 levels of the pair.



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