AUD/USD under mild pressure at the NA open

Despite ongoing geopolitical turmoil, FX market remains pretty resilient with most pairs confined to tight ranges with no top-tier data scheduled for the rest of the session.

AUD/USD has traded directionless around the 0.76 mark, unable to set short-term direction and well within Friday’s range, with a low set at 0.7575 and a high at 0.7606. The pair is facing mild pressure at the American opening and it was last trading at 0.7580,  still a few pips above its Friday’s closing level.

AUD/USD levels to watch

In terms of technical levels, next supports are seen at 0.7563/57 (Jul 15 low/10-day SMA), 0.7521 (Jul 11 low) and  0.7479 (100-day SMA). On the other hand, resistances could be faced at 0.7606 (Jul 18 high), 0.7657 (Jul 12 high) and 0.7675 (Jul 15 high).