17 Jun 2014
AUD/USD hist fresh 1-week low
FXStreet (Córdoba) - The AUD/USD fell sharply Tuesday after the Reserve Bank of Australia affirmed interest rates are likely to remain on hold for some time yet.
The RBA published last meeting’s minutes during the Asian session and said the current record low benchmark cash rate at 2.5% was likely to be needed for a while. The Aussie suffered on the back of the comments and experienced the biggest daily drop in about 2 weeks versus the greenback. At time of writing, the AUD/USD is trading at the 0.9345 zone, recording a 0.58% loss on the day, having hit a low of 0.9338.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find immediate supports at 0.93338 (Jun 17 low), 0.9318 (Jun 6 low) and 0.9305 (21-day SMA). On the other hand, resistances could now be found at 0.9415 (Jun 16 high), 0.9436 (Jun 12 high) and 0.9460 (Apr 10 high).
The RBA published last meeting’s minutes during the Asian session and said the current record low benchmark cash rate at 2.5% was likely to be needed for a while. The Aussie suffered on the back of the comments and experienced the biggest daily drop in about 2 weeks versus the greenback. At time of writing, the AUD/USD is trading at the 0.9345 zone, recording a 0.58% loss on the day, having hit a low of 0.9338.
AUD/USD levels to watch
In terms of technical levels, the AUD/USD could find immediate supports at 0.93338 (Jun 17 low), 0.9318 (Jun 6 low) and 0.9305 (21-day SMA). On the other hand, resistances could now be found at 0.9415 (Jun 16 high), 0.9436 (Jun 12 high) and 0.9460 (Apr 10 high).