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AUD/USD reaches fresh daily highs

FXstreet.com (Córdoba) - The Australian dollar has managed to recover Friday's losses versus the greenback, climbing over 70 pips throughout the day as the US currency lost ground across the board.

AUD/USD rose to a daily high of 0.9669 in recent dealings, but failed to extend gains and pulled back slightly. AUD/USD is currently trading at the 0.9650 zone, where it is 0.3% above its opening price ahead of US manufacturing data release.

As for technical levels, if AUD/USD breaks above 0.9670 next resistances are seen at 0.9695 (May 30 high) and 0.9740 (May 24 high). On the other hand, supports could be faced at 0.9625 (intraday support) and 0.9590 (daily low).

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