FXstreet.com (Córdoba) - The Australian Dollar is falling sharply on Friday erasing yesterday's gains against Greenback. AUD/USD tumbled from an 8-week high above 0.9300 to 0.9215, daily low.
Interim rising support coming in at 0.9208 today and outlook is bullish above this trend line with key resistance up at the Nov 09 high of 0.9405. Seems very likely that RBA will hike rates next month following strong Jobs data. said Per-Erik Karlsson, from Avantage Financial GMBH.
The New Zealand Dollar is also lower against Greenback on Friday. NZD/USD tumbled during the Asian session from 0.7420 to 0.7360. Since then the pair has been moving inside a range with support at 0.7355/60 and resistance at 0.7400.