15 Jul 2014
AUD/USD RBA minutes remaining neutral
FXStreet (Guatemala) - AUD/USD is trading at 0.9399, up 0.06% on the day, having posted a daily high at 0.9403 and low at 0.9383.
AUD/USD has been in focus with the RBA minutes for July just released. “Given that recent Aussie trade data have been awful, and so have retail sales, that suggests we might see a shift towards a slightly more dovish stance in the minutes today”, explained analysts at Rabobank. However, the minutes were published and they came with the same neutral tone seen in recent months and there has been very little reaction in AUD moving within just a 20 pip range so far.
AUD/USD Levels
With spot trading at 0.9399, we can see next resistance ahead at 0.9403 (Daily High), 0.9406 (Yesterday's High), 0.9407 (Daily Classic R1), 0.9414 (Weekly High) and 0.9420 (Daily Classic R2). Support below can be found at 0.9397 (Weekly Classic PP), 0.9394 (Hourly 100 SMA), 0.9393 (Daily Open), 0.9393 (Hourly 20 EMA) and 0.9392 (Daily 20 SMA).
AUD/USD has been in focus with the RBA minutes for July just released. “Given that recent Aussie trade data have been awful, and so have retail sales, that suggests we might see a shift towards a slightly more dovish stance in the minutes today”, explained analysts at Rabobank. However, the minutes were published and they came with the same neutral tone seen in recent months and there has been very little reaction in AUD moving within just a 20 pip range so far.
AUD/USD Levels
With spot trading at 0.9399, we can see next resistance ahead at 0.9403 (Daily High), 0.9406 (Yesterday's High), 0.9407 (Daily Classic R1), 0.9414 (Weekly High) and 0.9420 (Daily Classic R2). Support below can be found at 0.9397 (Weekly Classic PP), 0.9394 (Hourly 100 SMA), 0.9393 (Daily Open), 0.9393 (Hourly 20 EMA) and 0.9392 (Daily 20 SMA).