US Dollar (USD) weakness continues post the US Thanksgiving holiday, risk currencies getting another boost from this. The Australian Dollar (AUD) clawed back early losses from 0.5215 (1.9180) to 0.5235 (1.9100) this morning rebounding off the 50% fib key level. Aussie CPI y/y prints tomorrow and should reflect a small drop from 5.6% to around 5.2%. The new RBA chief Michele Bullock has been hawkish of late with inflation concerns, will she keep the same line?
Current Level: 1.9109
Resistance: 1.9340
Support: 1.8940
Last Weeks Range: 1.9013 – 1.9175