FXstreet.com (Barcelona) - Australian Dollar's decline from 0.9195 high on Friday, has extended to levels below 0.9000 and the Aussie reached a fresh two-weeks low at 0.8960, -right above nov 27 low at 0.8945- on the back off weaker than expected GDP figures and dovish Batellino's words.
The Aussie trades at the moment right above 0.8960 low, with next support levels at 0.8945 (Nov 27 low) and below here, 0.8910 (Nov 3 low). On the upside, resistance levels lie at 0.9000/10, and above here, 0.9070 (session high) and 0.9085/90.
The Aussie has been weighed by RBA's deputy governor Batellino comments assessing the RBA's monetary policy was ''back in a normal range'', to erase expectations about a rate hike on the coming months. Further Aussie weakness came from Australian GDP advancing at a 0.2% pace in the third quarter, instead of the 0.4% expected.