Back
16 Sep 2013
AUD/USD boosted by risk, around 0.9330
FXstreet.com (Edinburgh) -The Aussie dollar found the news from Larry Summers most welcoming, pushing the AUD/USD to levels just shy of 0.9400 at the beginning of the trading week.
AUD/USD now looks at RBA, FOMC
The absence of a domestic calendar left the news from Summers and the US-Russia agreement as the main drivers behind today’s bull run to levels last seen in late June around 0.9400 the figure. Ahead in the week, tomorrow’s RBA minutes will be in the limelight followed by July’s CB Leading Indicator on Wednesday and the RBA Bulletin on Thursday. In the opinion of BBH Global Currency Strategy Team, “Technical indicators are mixed and we suspect that it may require a break of $0.9180 to indicate a downside correction rather than broad consolidation after about 5.3% from the end of August to the employment data”.
AUD/USD levels to consider
At the moment the pair is up 0.94% at 0.9332 with the next resistance at 0.9431 (61.8% of 0.9792-0.8848) ahead of 0.9440 (low Jun.18) and then 0.9511 (38.2% of 1.0583-0.8848). On the downside, a violation of 0.9223 (low Sep.13) would expose 0.9216 (low Sep.10) and then 0.9192 (MA10d).
AUD/USD now looks at RBA, FOMC
The absence of a domestic calendar left the news from Summers and the US-Russia agreement as the main drivers behind today’s bull run to levels last seen in late June around 0.9400 the figure. Ahead in the week, tomorrow’s RBA minutes will be in the limelight followed by July’s CB Leading Indicator on Wednesday and the RBA Bulletin on Thursday. In the opinion of BBH Global Currency Strategy Team, “Technical indicators are mixed and we suspect that it may require a break of $0.9180 to indicate a downside correction rather than broad consolidation after about 5.3% from the end of August to the employment data”.
AUD/USD levels to consider
At the moment the pair is up 0.94% at 0.9332 with the next resistance at 0.9431 (61.8% of 0.9792-0.8848) ahead of 0.9440 (low Jun.18) and then 0.9511 (38.2% of 1.0583-0.8848). On the downside, a violation of 0.9223 (low Sep.13) would expose 0.9216 (low Sep.10) and then 0.9192 (MA10d).