Tuesday, 26 May 2015

AUD/USD Any Hope For The AUD


The AUD/USD currency broke down during the day on Tuesday, slicing through the 0.78 level. At the moment the market seems to obey the bearish trend, But the Australian dollar will be much more likely to see fits of support here and less resistance. RBA must take action to sustain current situation because USD might tend to bearish trend. Target of .75 will be hard to reach for now, however with bad economic data the AUD may witness bearish trend in third Quarter of 2015. 


Prev. Close0.7736
Bid0.7740
Day's Range0.7727 - 0.7744
Open0.7736
Ask0.7742
52 wk Range0.7530 - 0.9504


1-Year Return-15.38%