The Australian Dollar (AUD) extended last week run from 0.6620 levels against the US Dollar (USD) climbing to 0.6750 as we head into Tuesday sessions. The pair is creeping towards the yearly high around 0.6800. 0.6780 is the next level of resistance, we may see some reconciliation around here if it retests over the week. We have a bunch of economic data releasing with the main attraction the Federal Reserve Cash rate and policy statement. The Fed are expected to cut their interest rate 25 points from 5.50% Thursday morning with a small chance of a 50-point cut on the table. Aussie jobs data prints around midday Thursday which will be closely watched with comments being made lately of a possible recession on the cards.
Current Level: 0.6751
Resistance: 0.6830
Support: 0.6650
Last Weeks Range: 0.6621- 0.6732