AUD/USD rebounds into 0.6350

The Australian Dollar (AUD) caught a bounce from 0.6300 against the US Dollar (USD) in Monday's trading, rallying into 0.6350. The AUD/USD opened up t

The AUD/USD is stepping up on broad Greenback weakness on Monday. This week has a rolling table of PMI and CPI inflation figures. AUD strength still leans heavily on broad-market Dollar Index weakness. he trading week near 0.6314, sagging into 0.6288 before catching a bid on broad-market Greenback weakness. AUD/USD to drift higher over coming year, reaching 0.

4% for the year into September. AUD/USD Technical Outlook Despite Monday's bounce, the Aussie remains woefully bearish against the US Dollar in the near term, with the pair still trading below last week's highs and sticking close to eleven-month lows. Technical resistance continues to press down on prices from a descending 50-day Simple Moving Average currently settling into the 0.6400 handle, with October's lows below 0.

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