20 Mar 2015
AUD/USD: Last minute bullish activity
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7740 with a high of 0.7750 and a low of 0.7642.
AUD/USD has rallied on to the 0.77 handle and through 0.7680 resistance. The next obstacle is the mid point of the handle where it is currently testing. The greenback has given over some ground in the US session after a quiet day in Europe. There is nothing on the data front and price movements are erratic in to the close.
Amongst a number of key data from the US, including CPI's, next week comes with Australia's financial systems and capital flows embedded in the RBA’s Financial Stability Review and the ABS Finance and Wealth for Dec quarter respectively. Analysts at TD Securities explained that the FSR details the health of Australia’s banking sector, but said the focus will be on financial institution exposure to mortgages, both owner-occupied and investor, and whether financial stability risks have increased since the prior September 2014 report.
AUD/USD has rallied on to the 0.77 handle and through 0.7680 resistance. The next obstacle is the mid point of the handle where it is currently testing. The greenback has given over some ground in the US session after a quiet day in Europe. There is nothing on the data front and price movements are erratic in to the close.
Amongst a number of key data from the US, including CPI's, next week comes with Australia's financial systems and capital flows embedded in the RBA’s Financial Stability Review and the ABS Finance and Wealth for Dec quarter respectively. Analysts at TD Securities explained that the FSR details the health of Australia’s banking sector, but said the focus will be on financial institution exposure to mortgages, both owner-occupied and investor, and whether financial stability risks have increased since the prior September 2014 report.