The pair has had a whippy session, weakening early to test the year’s low at $0.8642, hitting $0.8646 before recovering completely after the employment data revisions. The ABS released their findings of the data review, showing a slightly softer employment situation, but a stronger Retail Sales for September saw the aussie back to the $0.8680/$0.8700 range where it had been earlier in the session. Then, the RBA Statement came out with the RBA keeping rates unchanged and leaving the statement almost identical to October after some had speculated that there may be a slight move towards an easier stance. Aussie saw a high of $0.8735 before drifting back to here at $0.8721, up 40bps on the day. Support seen at $0.8642, then $0.8600, with resistance above at $0.8770/80 then solid resistance around $0.8800.
