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  1. #1
    Legendry Member milos's Avatar

    Key resistance at 0.73. !!!

    As long as the resistance at 0.73 isn't surpassed, the risk of the break below 0.724 remains high with targets 0.7225 and 0.72 in extension.
    Supports and resistances:
    0.7380 resistance
    0.7345 resistance
    0.7300 resistance
    0.7293 last
    0.7240 support
    0.7225 support
    0.7200 support

  2. #2
    Legendry Member milos's Avatar
    The Australian dollar rose against the US dollar. The demand for the greenback remained under pressure due to uncertainty about the timing of raising US interest rates.AUD/USD recorded the peak at 0.7295.Pair will find support at 0.7195 and resistance at 0.7365.

    The Australian dollar strengthened after the publication of the minutes of the October meeting of the board of RBA.It has shown that the low interest rate helped to recover the economy.Board members have expressed concerns about domestic and foreign demand.

  3. #3
    Legendry Member milos's Avatar
    The Leading Economic Index in Australia declined 0.4% while Economic Index increased 0.2% in August.

  4. #4
    Legendry Member milos's Avatar
    The Australian dollar rose against the US dollar after the release of the positive Chinese economic data.AUD/USD recorded the peak at 0.7288 and subsequently consolidated at 0.7263.

    Official figures showed that China's leading economic index increased to 1.60% in September from 1.0% in the previous month.A separate report showed that house prices in China rose in September to minus 0.9% from minus 2.3% in the previous month. China is the largest trading partner of Australia.

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