17 Jun 2014
AUD/USD marginally lower on RBA minutes
FXStreet (Guatemala) - AUD/USD is trading at 0.9378, down -0.23% on the day, having posted a daily high at 0.9406 and low at 0.9378.
AUD/USD popped marginally lower and moves further away from the 0.94 handle with the comments in the RBA minutes regarding the strength of the AUD being historically high given the fall in commodity prices and that low rates would be appropriate for some time. However, there was a lack of clarity coming from the RBA in a surprising comment ,"...difficult to judge if low rates are enough to offset mining investment and fiscal tightening".
AUD/USD Levels
With spot trading at 0.9379, we can see next resistance ahead at 0.9391 (Weekly Classic PP), 0.9396 (Hourly 100 SMA), 0.9396 (Hourly 20 EMA), 0.9398 (Daily Classic PP) and 0.9401 (Daily Open). Support below can be found at 0.9378 (Daily Classic S1), 0.9378 (Daily Low), 0.9373 (Yesterday's Low), 0.9362 (Hourly 200 SMA) and 0.9356 (Weekly Low).
AUD/USD popped marginally lower and moves further away from the 0.94 handle with the comments in the RBA minutes regarding the strength of the AUD being historically high given the fall in commodity prices and that low rates would be appropriate for some time. However, there was a lack of clarity coming from the RBA in a surprising comment ,"...difficult to judge if low rates are enough to offset mining investment and fiscal tightening".
AUD/USD Levels
With spot trading at 0.9379, we can see next resistance ahead at 0.9391 (Weekly Classic PP), 0.9396 (Hourly 100 SMA), 0.9396 (Hourly 20 EMA), 0.9398 (Daily Classic PP) and 0.9401 (Daily Open). Support below can be found at 0.9378 (Daily Classic S1), 0.9378 (Daily Low), 0.9373 (Yesterday's Low), 0.9362 (Hourly 200 SMA) and 0.9356 (Weekly Low).