OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD reverses losses and hits 2-week high

FXStreet (Córdoba) - AUD/USD picked up pace and rose to fresh 2-week highs Thursday, recovering from Asian session lows scored on the back of RBA official comments.

AUD/USD has risen nearly a full cent from daily lows to hit its highest level since Oct 31 at 0.8763 in recent dealings. The Australian dollar had fallen to a low of 0.8671 earlier on the day, after RBA Assistance Governor Kent said they hadn't ruled out intervention in the Aussie.

AUD/USD technical levels


At time of writing, AUD/USD is trading at 0.8755, recording a 0.45% gain on the day. As for technical levels, next resistances could be found at 0.8798 (Oct 31 closing price), 0.8832 (50-day SMA) and 0.8850 (Oct 31 high). On the other hand, supports are seen at 0.8685 (10-day SMA), 0.8665 (Nov 12 low) and 0.8590 (Nov 11 low).

Brent Crude hits fresh four-year low

Brent Crude oil prices declined to a fresh four year low of USD 79.32 today on concerns that the Organization of Petroleum Exporting Countries (OPEC) group will not cut their output this month.
Read more Previous

Total average daily FX volumes totalled $373.7bn across Thomson Reuters platforms

The Thomson Reuters Team reports an-on-year rise of 21 percent in the average daily volume (ADV) of foreign exchange trading across Thomson Reuters platforms in October, totalling $373.7bn.
Read more Next
Start livechat