The pair had a fairly uneventful session, sandwiched between yesterday’s Employment revisions and the RBA, and tomorrow’s October Employment report. It saw a range of $0.8733 to $0.8762 against the USD, and was mostly higher against he majors except the kiwi. As yet, prospects of lower growth expectations have not weighed on the aussie, with much more focus on tomorrow’s data and Friday’s US Non-farm Payrolls data, also for October. It currently sits up 8bps at $0.8746. Support seen around $0.8730 the $0.8680/8700 then $0.8640; resistance seen at today’s high then heavier at $0.8800, then at staggered but regular intervals above that.
