AUD/USD holds on to the days highs

FXStreet — The Australian Dollar jumped against the US Dollar in early American business to a new session high at 0,7440. Then it went down slightly due to profit-taking easy. Finally, the currency traded pair on 0,7429 and to 0.21 percent in the Plus. On week view, further rate gains are to be expected, as long as the USD depreciates further.

In the night trade for the AUD/USD initially under the psychological mark of 0,7400, after the Reserve Bank of Australia (RBA) minutes of the last meeting published. The Australian Central Bank expressed concern over a bubble in the real estate market. In the short term, it went on to a session low at 0,7394, but it took a very long time and the currency pair recovered above was 0.74.

With the beginning of American business, a selling wave on the beleaguered Greenback fell again after the data for the real estate market disappointed. Thus, building permits and housing starts as of the reporting month of April in negative territory, which signals a contraction in the sector remained. However, the Figures for industrial production have been surprisingly good. They rose in April by 1 per cent.

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Technical Brands

The next Resistances lie at 0,7440 (20-day line), 0,7500 (psychological mark) and 0,7540 (the 200-day line). Supports are at 0.7400 (psychological level), 0,7330 (Deep 09. May) and 0,7285 (Deep 06. To find in January).

** FXStreet News Editorial, FXStreet**

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