The Australian dollar rate ahead entering the American session trading (18/12) is not capable of higher amid the momentum of the decline of the dollar. A weaker currency these commodities caused a collapse in commodity prices especially miners such as iron ore.
Weaker metal commodity prices was triggered increasingly weaker crude oil prices world that afternoon trading is increasingly rushed out to the lowest position in 6 years. Weaker oil prices triggered by the American oil supply report that increased.
The Aussie currency movement end session Europe (10:15:35 GMT) move weak against the US dollar, after opened strong on 0.7129 in early trade (00.00 GMT), pair AUDUSD down 4 pips mount or 0.01 percent and value of the scroll is at 0.7125.
But for the next trade, estimate AUDUSD will continue to rise to the resistant 0.7220 on middle bolinger 20 daily, but if happened corrections can go back down to the position of the support 0.7066 on bolinger under 20 daily.
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