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AUD/USD clings to gains above 0.7500

AUD/USD has been edging higher over the last sessions, climbing to 10-day highs, even after weekend elections in Australia was too close to call and a hung Parliament remains a possibility.AUD/USD rose nearly 100 pips throughout the day, regained the 0.75 mark and reached its highest level in over a week at 0.7536 at the beginning of the New York session. At time of writing, the pair is trading at 0.7528, recording a 0.48% gain on the day.There is little in terms of economic data and volume is expected to remain subdued as US markets remain closed due to the Independence Day holiday.AUD/USD levels to watchAs for technical levels, next resistances could be found at 0.7536 (Jul 4 high), 0.7615 (Jun 23 high) and 0.7647 (Jun 24 high). On the flip side, supports are seen at 0.7440 (100-day SMA),  0.7370 (Jun 30 low), 0.7322 (Jun 27 low) and 0.7291 (200-day SMA).



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