FXstreet.com (Sydney) - The Aussie has jumped against the dollar and is trading at 0.9295. The AUD has risen nearly half a cent after opening at 0.9247 and posted an intraday high of 0.9310. The pair maintains support at 0.9274, resistance at 0.9339 and is considered slightly bullish.
The AUD rose on the back of positive retail sales news and speculation of another interest rate rise early next year. Australian retail trade rose 0.3% in October to reach AUD 19.751 billion. This result met the market forecast and comes on the back of a rates rise of 25 basis point by the RBA on Tuesday.