AUD/USD climbs back above 0.7600

The Australian dollar is among the best performers of the day in an environment of a stronger greenback.

AUD/USD gapped higher at the weekly opening but turned lower and bottomed out at 0.7579 during the European session. However, the Aussie managed to recover ground over the last hours and climbed back above the 0.76 mark. At time of writing, AUD/USD is trading at 0.7603, up 0.23% on the day.

There is no first-tier data scheduled for today’s American session with most institutions closed for the Columbus Day holiday. In Australia, tomorrow’s releases include the Mid-Year Economic and Fiscal Outlook (MYEFO), home loans and NAB business confidence.

AUD/USD levels to consider

As for technical levels, next resistances could be faced at 0.7633 (10-day SMA), 0.7690 (Oct 4 high) and 0.7731 (Sep 8 high). On the flip side, supports are seen at 0.7552 (Oct 7 low), 0.7522 (100-day SMA) and 0.7500 (psychological level).