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Forex Market Analysis 

Source: Direct Fx Forex Broker

 

The pair is trading at 0.7669 at 09:40 GMT this morning, with the Australian Dollar trading 0.32% lower against US Dollar from the New York close. Earlier today, the NAB reported that the Australian business confidence/condition indices advanced in May. This morning, the pair traded at a high of 0.7724 and a low of 0.7646. The Australian Dollar traded 0.66% higher against the US Dollar in the New York session yesterday, with the pair closing the session at 0.7694. The pair is expected to its find support at 0.7625 and its first resistance at 0.7719.

 

AUD/USD Chart

AUDUSDH1

 

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