Aussie makes a run to overcome resistance at 0.9300

Risk appetite is making a bit of an appearance today in forex trading (although the euro is being left out), and the Australian dollar is trying to take advantage of the situation.

The Aussie is making an attempt to overcome the resistance set at 0.9300, and continues to hammer above the barrier, in order to transform that level into a support. 

The Australian dollar is deriving support in currency trading from the fact that it is the highest yielding currency in the developed world right now, as well as the fact that Australia’s economy seems to be doing well, with some help from demand for Aussie resources in China.

See Also

• Aussie and Forex Trading
  Currency trading and economic data