The AUD/USD rose to its highest level since August 5, 2008 as Reserve Bank of Australia Assistant Governor Philip Lowe said it is “appropriate” to remove stimulus as Australia’s economy improves. The comment fueled speculation the RBA will raise interest rates again at its next meeting.
The Australian dollar is also supported by China’s strong economic growth. The AUD/USD is strongly correlated with the stock and commodity markets. "Although overbought, the pair remains in a strong uptrend,"
AUD/USD (Oct 20 at 07:22 GMT)
H 0.9311 L 0.9261
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9215 | 0.9238 | 0.9262 | 0.9276 | 0.9300 | 0.9323 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Oct 20 at 06:55 (15-minute timeframe) |
[ View AUD/USD Technical Studies ]
