AUD/USD Transfer
The Australian Dollar has recovered suffered from heavy losses, following the RBA’s recent decision to recommence rate cuts. The currency approached 0.6500 fast ,as it has been able to operate under the US trade radar. The focus of the US, has now moved to the EU, as Australia has been able to escape attention and become a ‘de facto’ beneficiary. If the US turns attention to the Australian market, the currency will be vulnerable, as no trade agreement between the US and Australia, has yet been reached.
Current Level: 0.6475
Resistance: 0.6600
Support: 0.6400
Last Weeks Range: 0.6385- 0.6535
