16 Dec 2014
AUD/USD remains in threatening territory for bulls
FXStreet (Guatemala) - AUD/USD is trading at 0.8216, down -0.04% on the day, having posted a daily high at 0.8225 and low at 0.8214.
0.8220 is again acting as resistance as the pair’s bulls attempt to protect the downside and key 0.8200 level. The pair is buoyant on the idea that the RBA will not be making any moves in the start of 2015 and their wait and see plans gives the impression that there are less concerns surrounding the disinflationary global environment for them to act right away. However, the RBA are still calling for a lower currency. Meanwhile, we are waiting for the FOMC outcome and last remaining data inputs as we head towards the closing sessions of the year.
0.8220 is again acting as resistance as the pair’s bulls attempt to protect the downside and key 0.8200 level. The pair is buoyant on the idea that the RBA will not be making any moves in the start of 2015 and their wait and see plans gives the impression that there are less concerns surrounding the disinflationary global environment for them to act right away. However, the RBA are still calling for a lower currency. Meanwhile, we are waiting for the FOMC outcome and last remaining data inputs as we head towards the closing sessions of the year.