AUD/USD holds above 0.7600

AUD/USD retreated from daily highs at the beginning of the New York session despite the release of lackluster US industrial production data.

AUD/USD  gave a up a few pips but overall remained little changed on the day above the 0.76 mark. At time of writing, AUD/USD was trading at 0.7620, having hit a high of 0.7624 in recent dealings.

US data showed industrial production rose a seasonally adjusted 0.1% in September, matching expectations, after dropping 0.5% in August. Previously, the NY Empire State index has dropped to -6.8 for the month of October, well below the 1.0 of consensus.

AUD/USD levels to watch

As for technical levels, next resistances  could be faced at 0.7647 (Oct 14 high), 0.7690 (Oct 4 high) and 0.7731 (Sep 8 high).  On the flip side, supports could be faced at 0.7541 (100-day SMA), 0.7505 (Oct 13 low), 0.7475 (Sep 16 low) and 0.7441 (Sep 13 low).

 

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