15 Apr 2014
AUD/USD slips below 0.9400
FXStreet (Edinburgh) - The Aussie solar is trading in the lower band of today’s range so far, taking the AUD/USD to the area of 0.9390/85.
AUD/USD indifferent to RBA minutes
The release of the RBA minutes left no room for surprises on Tuesday, as the central bank showed no change in its stance, broadly in line with market consensus. After opening at 5-month highs near 0.9430, spot drifted lower to the current 0.9390/85 region. “In order to alleviate immediate upside pressure a close below the accelerated uptrend at .9378 is needed”, commented Karen Jones, Head of FICC Technical Analysis at Commerzbank.
AUD/USD key levels
At the moment the pair is losing 0.36% at 0.9390 with the immediate support at 0.9362 (low Apr.11) ahead of 0.9355 (low Apr.9) and finally 0.9300 (psychological level). On the upside, a surpass of 0.9427 (high Apr.11) would open the door to 0.9461 (high Apr.10) and then 0.9500 (psychological level).
AUD/USD indifferent to RBA minutes
The release of the RBA minutes left no room for surprises on Tuesday, as the central bank showed no change in its stance, broadly in line with market consensus. After opening at 5-month highs near 0.9430, spot drifted lower to the current 0.9390/85 region. “In order to alleviate immediate upside pressure a close below the accelerated uptrend at .9378 is needed”, commented Karen Jones, Head of FICC Technical Analysis at Commerzbank.
AUD/USD key levels
At the moment the pair is losing 0.36% at 0.9390 with the immediate support at 0.9362 (low Apr.11) ahead of 0.9355 (low Apr.9) and finally 0.9300 (psychological level). On the upside, a surpass of 0.9427 (high Apr.11) would open the door to 0.9461 (high Apr.10) and then 0.9500 (psychological level).