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GBP/USD unable to recover, hits fresh lows

FXStreet (Córdoba) - GBP/USD bounded to the upside amid optimism about an agreement between Greece and its creditors but quickly the recovery lost momentum and price dropped back toward 1.5300, reaching a fresh 2-week low.

The recovery of the pair found resistance at 1.5370 and currently it trades at 1.5310/20, slightly above the 1.5300 area. Cable is headed toward the fourth daily decline in a row as the US dollar continues to rally in the market.

After rising during several days against its regional rivals, the pound today is the worst performer among European currencies.

GBP/USD technical levels

To the upside, resistance could be located at 1.5370 (American session high), 1.5405 and 1.5435 (daily high). On the opposite direction support could be located at 1.5310 (daily low), 1.5300 and 1.5250.

AUD/USD bought at 0.7690; back to 0.7735

The AUD/USD is trading on the defensive after falling around 80 pips from PP at 0.7770 to S1 are at 0.7690 where the Australian Dollar was bought against the USD. Now the AUD/USD is trading back at 0.7735.
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