FX News

AUD/USD Transfer

The Australian Dollar (AUD) has gone 2 cents lower since mid-last week against the US Dollar (USD) falling hard after the Iran air strikes on Israel over the weekend extended declines. This is retaliation of the attack on the Syrian consulate. Overnight US Retail Sales beat expectations fuelling a greenback buy spree amid reduced geopolitical tensions. March figures are up 0.7% form 0.3%, the news also pushing up the 10-year treasury yield to 4.619 the highest level since November last year. Australian Jobs numbers release Thursday with the unemployment figure expected to print higher to 3.9% from 3.7% in February. This wont please the RBA as jobs data has a direct impact on inflation forecasting. With the AUD/USD down at 0.6440 as I write we may see a reconciliation of sorts as short sellers take profit.

Current Level: 0.6443
Support: 0.6430
Resistance: 0.6530
Last week’s range: 0.6454- 0.6643

Previous ArticleNext Article