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compass pointing north

AUD steadies ahead critical short term and medium-term markers

18 February, 2019

The Australian dollar edged higher through trade on Friday extending moves above 0.71 and putting some distance between itself and key technical supports. Having tested lows approaching 0.7060 earlier in the week the AUD rebounded through Friday to extend a break and test moves approaching 0.7145. The AUD found support in hopes the US and China would reach a trade accord. Optimism surrounding recent negotiations helped the recently embattled...

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Today's expected ranges:

AUD / USD
0.7050 – 0.7180 ▲
NZD / USD
1.0320 – 1.0520 ▼
GBP / AUD
1.7950 – 1.8350 ▲

The OFX Currency Corner - 31 July 2018

Senior Corporate Dealer Matt Richardson reviews the events of last week and focuses on the key events governing direction in the week ahead.

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