The RBA is resisting the pressure to cut interest rates, as all but the Bank of Japan and the RBA, have indicated a preference for. The RBA board still see dangerous inflationary pressure, which will only encourage them to hold rates, at these elevated levels for longer. This has created support for the AUD, which has regained 0.6800, following the Jackson Hole announcements. Commodity prices are heavily dependent on economic sentiment, and the AUD suffered a heart tremor, when markets suffered a correction early in August, but these seem to be unwinding.
Current Level: 0.6768
Resistance: 0.6800
Support: 0.6730
Last Weeks Range: 0.6660- 0.6770