What's driving the Aussie dollar this week
What's driving the Aussie dollar this week
The Australian dollar fell on Friday last week but managed to bounce back at 0.65180. The current price structure suggests it could head back up to restest 0.6560 and 0.65945 if it remains above 0.65180. If it fails at 065180, support could be at around 0.64833 and 0.64592
There are no economic events scheduled for this week, so the Aussie dollar will probably be leaning towards the commodity sector and other correlated assets to be its primary driver this week.
The Australian dollar fell on Friday last week but managed to bounce back at 0.65180. The current price structure suggests it could head back up to restest 0.6560 and 0.65945 if it remains above 0.65180. If it fails at 065180, support could be at around 0.64833 and 0.64592
There are no economic events scheduled for this week, so the Aussie dollar will probably be leaning towards the commodity sector and other correlated assets to be its primary driver this week.