Previous close | 0.6489 |
Open | 0.6500 |
Bid | 0.6497 |
Day's range | 0.6496 - 0.6501 |
52-week range | 0.6272 - 0.7092 |
Ask | 0.6495 |
The AUD rallied again during the session on Wednesday, showing that there is a significant amount of momentum trading. However, the Aussie is running into major resistance just above.
The AUD is a currency that is trying to test a pervious support level, which now is likely to offer resistance.
The Aussie continues to be very noisy, but at this point I think a lot of what we are seeing is a market that is trying to find its footing more than anything else.