AUD/USD recovers RBA’s Debelle-led losses, rises to 0.7150

By FXStreet FXStreet (Mumbai) – The AUD/USD pair keeps pushing higher in mid-Asia, resuming its upbeat momentum after a brief dip in early Asia on the back of RBA’s Assistant Governor Guy Debelle’s comments.

AUD/USD sits near 2-week highs

Currently, the AUD/USD pair trades 0.07% higher at fresh session highs of 0.7147, recovering from session lows struck at 0.7124 in early trades. The bid tone surrounding the AUD/UD pair keeps growing bigger as we progress towards the late-Asian session, with the Aussie enjoying some gains on the back of broad based USD retreat.

Ahead of Tokyo open, the AUD/USD pair faced fresh offers after the after the central banker said Australia’s medium-term growth rate has slowed.

Meanwhile, markets now await a set of US macro releases, including the US CPI and housing data which may provide fresh cues for the pair ahead of Thursday’s Fed rate decision.

AUD/USD Levels to watch

The pair has an immediate resistance at 0.7166 (Sept 15 High) levels, above which gains could be extended to 0.7207 (Aug 28 High) levels. On the flip side, support is seen at 0.7100 levels from here it to 0.7060 (Sept 14 Low).
For more information, read our latest forex news. …read more

Source:: FX Street