AUD/USD down from two week high

AUD/USD pair is losing strength since the rating agencies set on focus the fiscal health of Australia. The pair is sliding lower and wanes from the two week high, as bulls irritated the cheerfulness of the Kansas City Fed President on NFP positive data.

During today’s session the aussie suffered some quite losses against the US dollar. An intraday high was hit at $0.7576 during the Asian session, but  subsequently lost momentum and marked a daily low at $0.7522. During the US session again popped higher to currently trade at $0.75314.

On the upside, the pair is limited by the key resistance at $0.75762 (61.8% Fibonacci of $0.7835 to $0.7145). Next resistance is located at $0.7580 (April’s high). On the downside support is seen at $0.7541 and $0.7490.