FX News

AUD/USD Transfer

The Australian Dollar (AUD) went on a little run yesterday off the weekly open from 0.6590 pushing higher to 0.6628 against the US Dollar (USD), dropping back to 0.6610 this morning. The market has been quiet to start the week as punters look towards US inflation data Thursday. Further tariffs on China have been behind some of the moves, the big dollar strengthening off the back. US CPI year on year is predicted to print at 3.4%- down off 3.5% but talk around additional cuts could be on the agenda and could weaken of the greenback. A break above 0.6640 could suggest further upside in the Aussie.

Current Level: 0.6601
Support: 0.6550
Resistance: 0.6660
Last week’s range: 0.6556- 0.6643

Previous ArticleNext Article