The Australian dollar has rallied a bit during the course of the week to break above the 0.75 handle, but it is obvious that we are facing a little bit of noise here.
The Australian dollar has gone back and forth over the last couple of days, only to show signs of hesitation at the 0.75 level. This makes a certain amount of sense, due to the fact that it is a large, round, psychologically significant figure.
AUD/USD Current Price: 0.7465 Australian Q3 NAB’s Business Confidence unexpectedly contracted to -1 from 17 in Q2. The poor performance of equities and gold undermined demand for the aussie. AUD/USD retreated sharply from a fresh three-month high, could fall to 0.7400. The AUD/USD pair hit 0.7545, a fresh three-month high, turning sharply lower in the American afternoon, as stocks took a turn for the worse, reflecting a worsening market’s sentiment. Renewed greenback’s demand seems to be hitting