FXstreet.com (Sydney) - The Aussie gained on the dollar rising sharply to 0.9402 before settling to 0.9362. The pair finds support at 0.9340, resistance at 0.9400 and is considered bullish. The AUD/USD opened in local trade at levels not seen since August 1, 2008.
The AUD opened higher on negative sentiment against the USD. This followed a speech by Ben Bernanke in New York that reaffirmed the Fed's commitment to maintaining interest rates at historic lows for an extended period. However, the AUD is exposed to profit taking during the local session.
Comments by the RBA have not befitted the AUD as it indicated that there was no great hurry to lift interest rates going forward.