The Australian Dollar (AUD) extended moves higher in overnight trading to reach 0.6710 against the US Dollar (USD) before slipping back to 0.6665 early Tuesday. The bull trend of late from 0.6400 over the past 5 weeks looks in intact with the next target in the pair to the topside at 0.6850 looking vulnerable. The Aussie should get relief around the 0.6640 zone on the downside with a daily close below here perhaps a concern. US Treasury secretary Yellen speaks tonight before Thursday’s Fed minutes and Friday’s US consumer sentiment.
Current Level: 0.6670
Support: 0.6620
Resistance: 0.6845
Last week’s range: 0.6577- 0.6713