2 Jul 2013
AUD/USD sideways trading ahead of RBA
FXstreet.com (New York) - The AUD/USD foreign exchange rate has been relatively stagnant during Asian trading thus far, as investors await the RBA decision later today at 04:30 GMT.
AUD/USD static near opening levels
In these moments, the AUD/USD is currently settled at 0.9240, holding onto the majority of yesterday’s gains, which saw the pair rocket higher. Technically speaking, Danske Research Team calculates the next resistive means at 0.9241, onto 0.9564. On the pullback, the AUD/USD will encounter supports at 0.9092, then 0.9066, and finally 0.9032.
AUD/USD likely to firm up
In terms of the AUD/USD, “we expect the pair to likely outperform, however ultra-short spec positions suggest the AUD/USD firms too, probably towards 0.9300/50.”
AUD/USD static near opening levels
In these moments, the AUD/USD is currently settled at 0.9240, holding onto the majority of yesterday’s gains, which saw the pair rocket higher. Technically speaking, Danske Research Team calculates the next resistive means at 0.9241, onto 0.9564. On the pullback, the AUD/USD will encounter supports at 0.9092, then 0.9066, and finally 0.9032.
AUD/USD likely to firm up
In terms of the AUD/USD, “we expect the pair to likely outperform, however ultra-short spec positions suggest the AUD/USD firms too, probably towards 0.9300/50.”