5 Nov 2013
AUD/USD bounces at 0.9480 and tests back the 0.9500
FXstreet.com (San Francisco) - After falling from a 1-week high of 0.9535 at the early American session, the AUD/USD found some buying interest at 0.9480 where the pair set a floor to test back 0.9500 area.
The AUD/USD is under pressure after the RBA decision to keep its interest rate unchanged at 2.5%. Despite the decision was expected, the accompanying statement that "AUD is still uncomfortably high" pushed the Aussie lower.
AUD/USD technicals
Currently, the AUD/USD is trading at 0.9498, still 0.15 negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. The Stochastic and the MACD are neutral; CCI is bearish but Momentum is pointing to the north.
Above the 0.9500 area, next resistances in the AUD/USD are at 0.9520 and 0.9535. On the downside, the Australian Dollar to American Dollar exchange rate would face supports at 0.9480, 0.9465 and 0.9430.
The AUD/USD is under pressure after the RBA decision to keep its interest rate unchanged at 2.5%. Despite the decision was expected, the accompanying statement that "AUD is still uncomfortably high" pushed the Aussie lower.
AUD/USD technicals
Currently, the AUD/USD is trading at 0.9498, still 0.15 negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. The Stochastic and the MACD are neutral; CCI is bearish but Momentum is pointing to the north.
Above the 0.9500 area, next resistances in the AUD/USD are at 0.9520 and 0.9535. On the downside, the Australian Dollar to American Dollar exchange rate would face supports at 0.9480, 0.9465 and 0.9430.