Home » Charts » 04/03/2015: AUDUSD Rebounds from 5-Year Low

04/03/2015: AUDUSD Rebounds from 5-Year Low

The AUDUSD resumed its upward climb on Friday after posting gains in the European session, as stronger than forecast China manufacturing PMI and weak US nonfarm payrolls supported the Aussie dollar.

The AUDUSD climbed as high as 0.7696 on Friday. It would subsequently consolidate at 0.7638, advancing 0.6 percent. The pair is headed for a weekly loss of 1.2 percent, triggered by an early-week selloff. The technical levels show immediate resistance at 0.7658. Initial support is likely found at 0.7546.

 

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