16 Dec 2014
AUD/USD consolidated on the 0.82 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.8221, up 0.14% on the day, having posted a daily high at 0.8276 and low at 0.8200.
AUD/USD is sitting on the 0.82 handle within a 20 pip range of the key barrier that if opened could give way to the downside. However, a period of consolidation is likely ahead of the FOMC this week. RSI 14 on the daily is already printing into oversold territory.
The pair tested and tested the 0.82 handle in yesterday’s business and almost gave way overnight in Asia post the Chinese PMI’s that printed below 50.
However, the RBA minutes beforehand were offering some support to the pair while there was no sign of a rate cut coming in the early part of 2015. However, there was some emphasis again for a lower Aussie.
AUD/USD is sitting on the 0.82 handle within a 20 pip range of the key barrier that if opened could give way to the downside. However, a period of consolidation is likely ahead of the FOMC this week. RSI 14 on the daily is already printing into oversold territory.
The pair tested and tested the 0.82 handle in yesterday’s business and almost gave way overnight in Asia post the Chinese PMI’s that printed below 50.
However, the RBA minutes beforehand were offering some support to the pair while there was no sign of a rate cut coming in the early part of 2015. However, there was some emphasis again for a lower Aussie.