AUD/USD reaches 0.7000 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The US CPI caused a strengthening of the US Dollar on Friday. During the early hours of Monday's trading, the pair had reached the 0.7000 mark. The round exchange rate level acted as support during the first hours of trading.

A move below the 0.7000 mark might look for support in the weekly S1 simple pivot point at 0.6972 and the weekly S2 simple pivot point at 0.6900.

On the other hand, a potential recovery of the Australian Dollar against the US Dollar could encounter resistance in 0.7020, 0.7040, 0.7060 and 0.7080 levels, which all have acted as support and resistance during the recent weeks.
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