19 Aug 2014
AUD/USD awaiting RBA minutes
FXStreet (Guatemala) - AUD/USD is trading at 0.9323, down -0.02% on the day, having posted a daily high at 0.9329 and low at 0.9322.
The AUD/USD was trading at recent highs on a relatively non eventful session in the US for the pair. Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD awaits RBA latest Minutes to wake up, with the pair trading uneventfully between 0.9300 and 0.9330 for most of this Monday. “As commented on previous updates, Governor Stevens is expected to down talk Aussie, stating the currency remains overvalued, meaning expectations are limited for an AUD rally”.
Support and resistance levels
Support levels: 0.9300 0.9260 0.9220
Resistance levels: 0.9330 0.9370 0.9410
The AUD/USD was trading at recent highs on a relatively non eventful session in the US for the pair. Valeria Bednarik, chief analyst at FXStreet explained that the AUD/USD awaits RBA latest Minutes to wake up, with the pair trading uneventfully between 0.9300 and 0.9330 for most of this Monday. “As commented on previous updates, Governor Stevens is expected to down talk Aussie, stating the currency remains overvalued, meaning expectations are limited for an AUD rally”.
Support and resistance levels
Support levels: 0.9300 0.9260 0.9220
Resistance levels: 0.9330 0.9370 0.9410