AUD / USD Trading Outlook
AUD/USD traded below the key resistance level of 1.1000 in overnight trading and opened the way for further falls down to a low of 1.0968, which was another key level, taken out easily during the Asian trading session. With consolidation taking place, further falls could be seen down to the next support of 1.0931.
AUD/USD reversed off the big figure 1.1000 towards the end of the US session and was lifted overnight . The moves were pushed by a Terry McCrann article on a possible RBA OCR hike next week and NZD/USD strength. So far this morning the pair has come down from 1.1068 which is very near the 1.1081 resistance.
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