The Australian Dollar (AUD) rebounds from the yearly lows, extending gains for the second successive day on Friday. The pair recovers on the back of t
Australian Dollar rebounds from the yearly lows as the US Dollar corrects. Aussie Dollar receives upward support as the RBA expects to increase interest rates. US Dollar faced pressure as downbeat Core PCE contributed to increasing demand for US bonds. he correction of the US Dollar and the likelihood of another rate hike from the Reserve Bank of Australia on November 7.
6350 level, rebounding from the yearly low at 0.6270 followed by the key support around the 0.6250 major level. The 21-day Exponential Moving Average at 0.6352 emerges as the key resistance, following the 0.6400 major level. A breakthrough above this resistance can reach around the 23.6% Fibonacci retracement level at 0.6417. AUD/USD: Daily Chart Australian Dollar price today The table below shows the percentage change of Australian Dollar against listed major currencies today.
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