Monday, November 4, 2013

AUD, First gain in nine days

After scoring three months high in late October at 0.9757, Australian dollar recorded downward graph for the last nine days and scoring three weeks low on the first day of November at 0.9421. 

Yesterday, Australian Dollar started to gain a bit reaching 0.9510 as today’s high just after the increase in the Retail sales announced today with 0.3% reaching 0.8% which is the biggest increase in seven months fort the Australian economy. 

Forecasts shows that AUD will still in the same trend if tomorrow’s Cash rate and RBA rate statement showed a little well record, finding support on 0.9459 for the next 24 hours.

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