AUD/USD back on firmer footing.

18 באוג׳

AUD/USD finished higher last week at .6669 (+1.38%), supported by improved risk sentiment, hawkish RBA rhetoric and solid jobs data. The rebound supports the idea that the AUD/USD based at the early August .6348 low, with last week's break above the 200-day ma at .6600c (now short term support ) opening the way for further rotation higher, possibly towards the top of its multi-week .6800 - .6350 type range.