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Aussie testing 0.72 handle as a resistance

Friday, Nov 20 2015
There were no major data releases from Australia this morning. The Aussie pushed above US72¢ on Friday, on track for a weekly 1 per cent gain, despite another slip in the iron ore price and rising expectations the US Federal Reserve will finally start lifting interest rates at its meeting next month.
 The Aussie rally has been remarkable this week when you consider that iron ore has continued to crash, that copper marked another 6-year low and is now down under $2.10 a pound, and oil is sitting just above the $40 a barrel level. However, gold prices did make small improvements on Thursday.
 
Aussie is currently being traded around 0.720 area. Pair is likely to find support around 0.7150 handle and resistance above 0.7220 level. There will be no major data releases in the rest of the session.
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