One major Western economy that suffers greater inflationary pressures than Australia, is the UK. This has allowed the interest rate differential between the GBP and the AUD to grow, making the GBP more attractive. The cross rate remains relatively stable, despite this, although todays RBA decision may cause some temporary flux.
Current Level: 0.5240 (1.9080)
Resistance: 0.5285 (1.8920)
Support: 0.5190 (1.9270)
Last Weeks Range: 0.5200-0.5240 (1.9230-1.9080)