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AUD/USD regains 0.8600

FXStreet (Edinburgh) - The Aussie dollar is back around the 0.8600 neighbourhood on Tuesday, with AUD/USD coming up from session lows near 0.8570.

AUD/USD focus on the RBA

The pair saw its selling interest renewed during the Asian trading hours, briefly bottoming out around 0.8570, although managing to pick up pace and retake the 0.8600 handle afterwards. While the effects of the recent action by the PBoC rapidly fading, the only event of note today will be the speech by RBA Deputy Governor Lowe, in an otherwise empty docket in Oz. “Directionally, we continue to remain neutral on the pair in the short term in the near term”, suggested analysts at OCBC Bank.

AUD/USD relevant levels

At the moment the pair is losing 0.17% at 0.8598 with the immediate support at 0.8540 (low Nov.7) and then 0.8500 (psychological level). On the upside, a surpass of 0.8711 (21-d MA) would expose 0.8723 (high Nov.21) and finally 0.8747 (high Nov.18).

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