The Australian Dollar (AUD) surged to reach 0.6130 (1.6320) in late Friday trading against the Australian Dollar (AUD) prior to falling back to 0.6090 (1.6420) at the close of the week. Monday’s action saw more EUR dominance, price pulling back towards 0.6060 (1.6500). The long-term bull channel from 0.5865 (1.7050) mid-August dominates the chart with resistance in the move seen at 0.6155 (1.6250) from here. RBA later today with the central bank not expected to hike from 4.10% for now.
Current Level: 1.6466
Last Weeks Range: 1.6318 – 1.6589