OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD hits fresh 4-year lows

FXStreet (Córdoba) - Australian dollar is among the worst performers Tuesday amid a risk-off environment and weighed by RBA member comments.

RBA's Lowe said real AUD rate still quite high but he hopes it will stay structurally higher than in 1990s. AUD/USD lost nearly 100 pips throughout the day and printed a fresh 4-year low of 0.8522 in recent dealings. At time of writing, the pair is trading at 0.8540, 0.87% below its opening price.

AUD/USD levels to watch

In terms of technical level, AUD/USD could find immediate supports at 0.8500 (psychological level), 0.8470 (Jun 29 2010 low) and 0.8449 (Jul 7 2010 low). On the other hand, resistances are seen at 0.8617 (daily high), 0.866

Carney: “The next policy move will be a rate increase”

Members of the Bank of England Monetary Policy Committee are currently addressing the Treasury Select Committee on the November Inflation Report.
Read more Previous

Carney: "substantial degree of uncertainty around the degree of spare capacity in the economy”

Addressing the Treasury Select Committee chaired by Andrew Tyrie MP, BoE governor Mark Carney stated that “There is a substantial degree of uncertainty around the degree of spare capacity in the economy”
Read more Next
Start livechat