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AUDUSD is highest since November

AUD
  • AUD continues to do well today, helped by the offered USD and some recovery in Risk.
  • AUDUSD has gained 2.6% from last Friday's low, which was the lowest level since the 20th December.
  • AUDUSD is now at the highest level since 16th November, up 0.36% against the Dollar.
  • AUD is on the front foot in G10, albeit flat against the British Pound, and down 0.1% versus the Kiwi.
  • Next MNI tech resistance is seen further out, towards 0.7344 former channel base drawn from the Aug 20 low

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