The Aussie gained ground on the dollar and is trading at 0.9332. After settling an intraday high of 0.9355 the Aussie eased slightly to be trading at current levels. Outlook for the pair remains slightly bullish and finds support at 0.9302 and resistance at 0.9360.
In Australia the markets have risen by 47 points or around 1% buoyed by mining and retail stocks. Later today the RBA will provide additional insights into monetary policy including reasoning behind the latest interest rise. This may play a significant part in further currency fluctuations. Gold also rose to new heights given the weakness in the dollar and is trading at USD 1123.40.
AUD/USD (Nov 16 at 07:58 GMT)
H 0.9358 L 0.9314
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.9301 | 0.9325 | 0.9348 | 0.9359 | 0.9382 | 0.9406 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Nov 16 at 07:55 (15-minute timeframe) |
[ View AUD/USD Technical Studies ]
