FX News

AUD/USD Transfer

Aussie Labour Day Monday saw thin volatile market action in the Australian Dollar (AUD), US Dollar (USD) cross with the pair falling from 0.6430 area to 0.6360 into Tuesday. Last week’s drop to 0.6330 was the lowest traded price since October 2022, currently the Aussie will be doing well to avoid falling through the floor this week. The RBA later today will set the tone for upcoming policy meetings and rate settings, the Central Bank not expected to hike today from 4.10%. It’s the first policy meeting under the new governor Michele Bullock, how will she go? Certainly, with rising oil prices, rising inflation and a struggling Chinese economy she has her work cut out.

Current Level: 0.6366
Support: 0.6300
Resistance: 0.6500
Last week’s range: 0.6330 – 0.6500

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