6 May 2015
AUD/USD bullish for 0.8100 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, sees further upside potential for AUD/USD towards 0.8100 levels.
Key Quotes
“The AUD/USD pair continues advancing, trading above the 0.8000 figure ahead of the US opening. The pair has been in a steady advance ever since the latest RBA meeting, as despite the Central Bank cut its rates by 0.25%, the statement was far more hawkish than expected.”
“Technically, the 1 hour chart shows that the price advanced sharply above a bullish 20 SMA whilst the technical indicators head higher in positive territory, and with the RSI indicator heading north around 76.”
“In the 4 hours chart the overall stance is also bullish, supporting further advances towards recent highs in the 0.8100 price zone.”
Key Quotes
“The AUD/USD pair continues advancing, trading above the 0.8000 figure ahead of the US opening. The pair has been in a steady advance ever since the latest RBA meeting, as despite the Central Bank cut its rates by 0.25%, the statement was far more hawkish than expected.”
“Technically, the 1 hour chart shows that the price advanced sharply above a bullish 20 SMA whilst the technical indicators head higher in positive territory, and with the RSI indicator heading north around 76.”
“In the 4 hours chart the overall stance is also bullish, supporting further advances towards recent highs in the 0.8100 price zone.”