21 Aug 2013
AUD/USD breaks below 0.9000 as FOMC minutes fuel USD
FXstreet.com (San Francisco) - The Aussie is currently trading lower against it Australian counterpart following the FOMC minutes release that said the Fed is concern on the health of the US economic rebound. The central bank is split about cuts timing.
The AUD/USD has fallen more than 50 pips in matter of minutes from 0.9035 to break down the 0.9000 level and trade around the 0.8970 area. Currently the pair is 1% down on the day.
Next supports are at 0.8970, 0.8925 and 0.8850. On the upside, resistances are at 0.9050, 0.9095 and 0.9130.
The AUD/USD has fallen more than 50 pips in matter of minutes from 0.9035 to break down the 0.9000 level and trade around the 0.8970 area. Currently the pair is 1% down on the day.
Next supports are at 0.8970, 0.8925 and 0.8850. On the upside, resistances are at 0.9050, 0.9095 and 0.9130.