By James Connell — Feb 16 - 04:30 PM
• AUD/USD broke the 0.6330 resistance Fri, extending its two-week rally
• The 0.63675 high is a new peak for 2025, up +4.6% since the Feb 3 rout
• AUD topside open, with next resistance level of note some way off at 0.6550
• US holiday Mon will cause deteriorating liquidity conditions going into Tue
• Consolidation likely ahead of RBA meeting Mon-Tue, 25bp cut expected
• AUD range early Asia 0.6253-0.62585, support 0.6130, resistance 0.6550
AUDUSD
(James Connell is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters