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AUD/USD awaits further impetus from the week

FXStreet (Guatemala) - AUD/USD is trading at 0.8723, up 0.17% on the day, having posted a daily high at 0.8727 and low at 0.8698.

We got the same beat of the drum again from the RBA in the minutes for November that were released, with a period of stability in interest rates and as a result we have very little action to report in respect of the price in AUS/USD this time around only that the pair is slightly higher. What might be interesting down the line this week , 20th Nov, is the result of the RBA’s FX transactions. We also have a number of release from the US and FOMC minutes this week as well that could spark of some action in the pair.

AUD/USD noteworthy levels

Current price is 0.8724, with resistance ahead at 0.8726 (Daily 20 SMA), 0.8734 (Daily Classic PP), 0.8759 and 0.8773 (Daily Classic R1). Next support to the downside can be found at 0.8721 (Hourly 20 EMA), 0.8718 (Hourly 100 SMA), 0.8708 (Weekly Classic PP) and 0.8698.

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