FX News

AUD/USD Transfer

The Australian Dollar (AUD) looked good Monday pushing up to 0.6690 from 0.6620 areas Friday against the US Dollar (USD) but has since dropped back to the bottom of the bull channel to 0.6650 as we head into Tuesday sessions. Rallying metal prices, gold, silver and steel have all helped the AUD higher. RBA minutes could reveal risks the central bank could hike interest rates by 25 points in the coming monetary policy meeting on August 6th with the recent “cost of living” dilemma. All eyes later in the week will be on US Non-Farm Payroll  and unemployment with expectations employment should moderate.

Current Level: 0.6648
Support: 0.6630
Resistance: 0.6700
Last week’s range: 0.6618- 0.6688

Previous ArticleNext Article