Previous Close | 0.6626 |
Open | 0.6625 |
Bid | 0.6598 |
Day's Range | 0.6588 - 0.6645 |
52 Week Range | 0.6272 - 0.7092 |
Ask | 0.6597 |
The Australian dollar has rallied a bit in the early hours on Monday, and as a result, we are testing the overall ceiling in the long-term consolidation area.
The Australian dollar has rallied at the end of the week after the jobs report came out of America smaller than anticipated. That being said, it looks like resistance is still holding true, so I’m not sure what has changed.
The jobs numbers in the US have jolted the markets, as the USD gets pummeled. At this point, the real question will be whether or not the US rally is over? Only time will tell, but we have seen signs of it.