15 Oct 2013
AUD/USD reaches 0.9523 peaks on RBA min; still neutral
FXstreet.com (Chicago) - AUD/USD reached 0.9523 peaks around 3-week records shortly after the release of the RBA minutes.
RBA minutes & reaction
Chief Asian session Editor Ivan Delgado noted that “on the lead up to the RBA, the AUDUSD has been well bid on expectations of the central bank keeping a neutral tone on the minutes statement along the debt deal in the US” adding the pair kept its neutral tone with a slightly positive Aussie.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9517 and oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (October 8th lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows). According to Jim Langlands from FXcharts “any positive news from Washington would see the Aud rise in line with improved risk sentiment, which would provide a good chance of taking out the 18 Sept high of 0.9527. If we do make any decent progress, above 0.9530 could see acceleration higher as the charts don’t show much resistance until the 14 June high at 0.9665.”
RBA minutes & reaction
Chief Asian session Editor Ivan Delgado noted that “on the lead up to the RBA, the AUDUSD has been well bid on expectations of the central bank keeping a neutral tone on the minutes statement along the debt deal in the US” adding the pair kept its neutral tone with a slightly positive Aussie.
AUD/USD Technical Levels
Technically speaking, the pair is offered at 0.9517 and oscillates between supports aligned at 0.9485 (October 8th highs), 0.9457 (October 4th highs) followed by 0.9422 (October 8th lows) and the resistances set at 0.9523 (September 19th highs), 0.9554 (June 10th highs) followed by 0.9592 (May 20th lows). According to Jim Langlands from FXcharts “any positive news from Washington would see the Aud rise in line with improved risk sentiment, which would provide a good chance of taking out the 18 Sept high of 0.9527. If we do make any decent progress, above 0.9530 could see acceleration higher as the charts don’t show much resistance until the 14 June high at 0.9665.”