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AUD/USD Climbs; Resistance At 1.0604 – GCI Financial Aug 07 at 15:45 GMT
ForexSpace.com (LONDON) - Following a brief move lower on currency charts, the AUD/USD is on the ascent.
The initial turnaround came off the back of a decision from the Reserve Bank of Australia (RBA) to keep interest rates at 3.5 percent – largely in line with investor expectations. While the most recent boost came in the shape of a further boost to risky assets – such as the commodity-correlated AUD.
The pair is currently trading at 1.0592, having bounced off a support line at 1.0569 ahead of the RBA rate decision.
According to analysts at GCI Financial: “The pair is expected to find support at 1.0548, and a fall through could take it to the next support level of 1.0515. The pair is expected to find its first resistance at 1.0604, and a rise through could take it to the next resistance level of 1.0627.”
Sarah Cox, Markets Writer. ForexSpace.com
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Overview
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 USD/JPY
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101.3250 | 0.0050 | 0.00% |
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 EUR/USD
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1.2932 | 0.0000 | 0.00% |
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 GBP/USD
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1.5123 | 0.0001 | 0.00% |
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Gold (USD/oz)
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1,386.6900 | 0.0000 | 0.00% |
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Silver (USD/oz)
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22.4025 | 0.0000 | 0.00% |
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Majors
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USD/CHF
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0.9615 | 0.0000 | 0.00% |
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EUR/GBP
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0.8553 | 0.0001 | 0.01% |
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 AUD/USD
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0.9651 | 0.0000 | 0.00% |
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USD/CAD
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1.0320 | 0.0000 | 0.00% |
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EUR/CHF
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1.2433 | 0.0000 | 0.00% |
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Others
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 GBP/ZAR
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14.4812 | 0.0001 | 0.00% |
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 INR/USD
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0.0179 | 0.0000 | 0.00% |
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 TWD/USD
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0.0334 | -0.0001 | -0.15% |
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 NZD/USD
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0.8095 | 0.0000 | 0.00% |
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 HKD/USD
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0.1288 | 0.0000 | 0.00% |
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