Previous close | 0.6523 |
Open | 0.6523 |
Bid | 0.6537 |
Day's range | 0.6518 - 0.6556 |
52-week range | 0.6272 - 0.7092 |
Ask | 0.6535 |
The Aussie dollar rallied on Friday, as we continue to see it swim upstream. The market was strong in the early hours of Friday but finds itself in the middle of the previous consolidation area.
The Aussie continues to see attempts to rally, as the market has possibly been overstretched to the downside. The market now look as if it is going to be running into a bit of trouble.
The AUD rallied again during the session on Wednesday, showing that there is a significant amount of momentum trading. However, the Aussie is running into major resistance just above.