AUD is the dog of the day…
The AUD is the weakest currency today, and although the AUDUSD is not the weakest, it is still down about 0.51% on the day.
Yesterday, the pair moved up to the highest level since April 3rd at 0.76107. The high reached 0.76098. The 50% is a key technical level. When it holds like it did, the sellers feel more comfortable. The move lower was helped by some more dovish comments in the RBA meeting minutes.
Forex technical analysis: AUDUSD moves into the middle of recent range
