15 Oct 2013
AUD/USD aiming for monthly highs back above 0.95; spike to 0.9516
FXstreet.com (Chicago) - AUD/USD spiked to 0.9516 session highs ahead of Tokyo’s opening, Australian data releases and a speech that has repeated itself for over two weeks now in Washington.
Adrift?
The RBA minutes will be released at 00:30 GMT along vehicle sales data in Australia. In the meantime, market participants remain indecisive about the dollar’s fate while Washington advances two steps to walk back three. Rumors spread stating the senate is closing a deal to postpone the debt ceiling debate until next year but no official conclusions are pronounced.
AUD/USD Technical Levels
Price action reveals a strong jump on 4-HR charts approaching monthly highs after steep climb breaking 0.9485 strong resistance from last week. Offered at 0.9506, the pair oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (session lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows).
Adrift?
The RBA minutes will be released at 00:30 GMT along vehicle sales data in Australia. In the meantime, market participants remain indecisive about the dollar’s fate while Washington advances two steps to walk back three. Rumors spread stating the senate is closing a deal to postpone the debt ceiling debate until next year but no official conclusions are pronounced.
AUD/USD Technical Levels
Price action reveals a strong jump on 4-HR charts approaching monthly highs after steep climb breaking 0.9485 strong resistance from last week. Offered at 0.9506, the pair oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (session lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows).