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AUD/USD buoyant amid calmer markets

FXStreet (Barcelona) - AUD/USD is trading at 0.8790, up 0.53% on the day, having posted a daily high at 0.8800 and low at 0.8747.

The Australian dollar has been buoyant in a range as markets start to normalise again after a volatile couple of weeks on fears around global growth slowdowns, especially coming from Europe, took a toll on risk sentiment.

For Australia data this week, key releases and events are due. We have the RBA Minutes for the October meeting coming up tonight and this may bring some movement around details over around house prices and the Aussie dollars recent movements. Then we move across to the skilled vacancy data and looking to see how buoyant the labour market is from this reading despite recent plausibility in the readings and accuracy of them that has caused quite a stir. Inflation data is also to follow in CPI for Q3.

AUD/USD noteworthy levels

Spot is presently trading at 0.8791, and next resistance can be seen at 0.8794 (Daily Classic R1), 0.8800 (Daily High), 0.8814 (Yesterday's High), 0.8820 (Daily 20 SMA) and 0.8829 (Weekly High). Next support to the downside can be found at 0.8774 (Hourly 20 EMA), 0.8766 (Hourly 200 SMA), 0.8764 (Daily Classic PP), 0.8758 (Daily Open) and 0.8757 (Hourly 100 SMA).

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