In currency trading the Asian session today (24-05), seen the AUD currency weakened against the U.S. Dollar. Pair AUD / USD is currently engaged in the range of 0.8224.
Currently, the Commodities currencies like the AUD is experiencing a high enough pressure.Prices of commodities such as crude oil continues to slump join AUD drag, coupled with the debt crisis that still surrounds the euro zone will create high-yielding currencies like the AUD less attractive at this time.
This week, Australia’s economic data was fairly quiet, so that tends to follow global sentiment. AUD expected still more likely continue to weaken, let alone the prospect of the RBA rate hike next month pretty grim. The technical, the AUD is still bearish, while this support is in the range 0.8000.
AUD / USD likely to weaken to a level of 0.8110 if the past level of support at 0.8180. AUD reinforcement can occur when passing resistance at the level of 0.8345 to 0.8410 level.
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