AUD

FXstreet.com (San Francisco) - The Australian dollar rose against the greenback on Thursday as stronger than expected fundamental data from the U.S. and optimism over a Greek deal lifted risk sentiment. 


"[AUD/USD] Hourly chart shows indicators losing early strength holding in positive territory, while price consolidates in a tight range, supporting further gains more if local share markets follow the European and American lead," explains Valeria Bednarik, Chief Analyst at FXstreet.com. "In bigger time frames, price goes back and forward around a flat 20 SMA since past Tuesday, while indicators regain their midlines, supporting the bullish tone, limited for now as long as below mentioned static resistance level." 


AUD/USD is steady around 1.0750 in early Asia, with support levels noted at 1.0725, 1.0690 and 1.0650, while resistance levels lie at 1.0770, 1.0810 and 1.0850.