2 Jul 2013
AUD/USD touches 0.92 handle after RBA
FXstreet.com (Barcelona) - The AUD/USD is last trading at 0.9213 near session lows, following latest RBA decision leaving rates on hold at 2.75%.
Apropiate monetary policy for the time being
The Australian central bank left rates unchanged as “the stance of monetary policy remained appropriate for the time being,” the RBA said. As earlier reported, a US fund was a “decent seller” in the way to previous session lows around the 0.9207 level, “from 0.9250 to 0.9230”, market sources said.
Key technical levels
Immediate support to the downside for AUD/USD lies at June 25 lows 0.9196, followed by June 20 lows at 0.9161, and June 24 lows at 0.9146. To the upside, closest resistance shows at yesterday's weekly highs 0.9250, followed by June 21 highs at 0.9260, and past Friday's highs at 0.9284
Apropiate monetary policy for the time being
The Australian central bank left rates unchanged as “the stance of monetary policy remained appropriate for the time being,” the RBA said. As earlier reported, a US fund was a “decent seller” in the way to previous session lows around the 0.9207 level, “from 0.9250 to 0.9230”, market sources said.
Key technical levels
Immediate support to the downside for AUD/USD lies at June 25 lows 0.9196, followed by June 20 lows at 0.9161, and June 24 lows at 0.9146. To the upside, closest resistance shows at yesterday's weekly highs 0.9250, followed by June 21 highs at 0.9260, and past Friday's highs at 0.9284