FX News

AUD/GBP Transfer

US Dollar (USD) weakness continues post the US Thanksgiving holiday, risk currencies getting another boost from this. The Australian Dollar (AUD) clawed back early losses from 0.5215 (1.9180) to 0.5235 (1.9100) this morning rebounding off the 50% fib key level. Aussie CPI y/y prints tomorrow and should reflect a small drop from 5.6% to around 5.2%. The new RBA chief Michele Bullock has been hawkish of late with inflation concerns, will she keep the same line?

Current Level: 0.5233
Support: 0.5170
Resistance: 0.5280
Last week’s range: 0.5215 – 0.5259

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