Reserve Bank of Australia Minutes

Australian Dollar Looking Bullish

With Australian interest rates having been kept on hold recently the minutes due out tonight are unlikely to provide us with much movement for GBPAUD. With the resistance level of 1.50 having been hit twice both today and the end of last week my prediction is that we could also see as high as 1.51 as Chinese production slows down and has a slightly negative impact for the Australian Dollar.

However, although the Aussie has weakened against the Pound we are at a ten day high against the US Dollar so if you’re looking to send AUD to the US then feel free to contact me Tom Holian [email protected]