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Australian Dollar Continues To Push Higher

By Ilya Spivak, Currency Strategist
23 October 2009 04:27 GMT

AUD/USD

Strategy: Flat

The breakneck Australian Dollar rally continues to push higher, with prices now testing major support-turned-resistance in the 0.9228-0.9377 region. A sustained break above this area opens the door to a test of the important psychological barrier at 0.95, with any push beyond that paving the way to challenge the record high at 0.9856. We remain sidelined for now.

102309 AUD


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23 October 2009 04:27 GMT