Aussie remains robust on Putin / OPEC news

AUD/USD is performing well considering the strength of the U.S. dollar elsewhere and has been stable around the 0.76 handle, actually recording a high of 0.7629 so far.

It is risk on out there since the weekend's presidential debate and Trumps feminist blunder that has essentially sealed the deal for Clinton in the eyes of the market and with holidays, the bulls are taking advantage. The underlying factor in the Aussie though is with oil. WTI has reached $52bbl on the back of the news that Russian President Putin is prepared to join the oil's output freeze proposed by the OPEC. However, the Aussie remains fragile on the back of the divergence between the RBA and the Federal Reserve. 

AUD/USD levels

Valeria Bednarik, chief analyst at FXStreet explained that n the 4 hours chart, a modest positive tone is also present, as technical indicators turned modestly higher around their mid-lines, while the price held above its 20 SMA, now slowly turning north.

Current price is 0.7610, with resistance ahead at 0.7611 (Daily 20 SMA), 0.7611 (Weekly Classic PP), 0.7625 (Daily Classic R1), 0.7626 (Yesterday's High) and 0.7630 (Daily High). Next support to the downside can be found at 0.7607 (Daily Open), 0.7603 (Hourly 100 SMA), 0.7598 (Hourly 20 EMA), 0.7589 (Daily Classic PP) and 0.7585 (Weekly Low).