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17 Sep 2013
AUD/USD regains 0.9300
FXstreet.com (Edinburgh) -After dipping to the area of .09290, the Aussie dollar managed to regain composure and lift the AUD/USD back above 0.9300 the figure on Tuesday.
AUD/USD indifferent after RBA minutes
The RBA released its September’s meeting minutes although there was nothing really worth of mention, as widely expected. However, the tone of the central bank commanded by G.Stevens remained neutral-to-dovish, prompting a cautious trade and leaving the door open for further rate cuts as long as the currency remains overvalued, according to the RBA. In the opinion of Strategists G.Berry and G.Yu at UBS, the outlook on the pair remains neutral, adding, “Resistance is at 0.9510. Only a close above this would be a major bullish development and confirm the bullish sentiment. Support is at 0.9224 ahead of 0.9116”.
AUD/USD relevant levels
At the moment the pair is up 0.03% at 0.9321 with the next hurdle at 0.9393 (high Sep.16) followed by 0.9400 (psychological level) and then 0.9431 (61.8% of 0.9792-0.8848). On the downside, a break below 0.9271 (high Sep.13) would open the door to 0.9250 (low Sep.16) and finally 0.9223 (low Sep.13).
AUD/USD indifferent after RBA minutes
The RBA released its September’s meeting minutes although there was nothing really worth of mention, as widely expected. However, the tone of the central bank commanded by G.Stevens remained neutral-to-dovish, prompting a cautious trade and leaving the door open for further rate cuts as long as the currency remains overvalued, according to the RBA. In the opinion of Strategists G.Berry and G.Yu at UBS, the outlook on the pair remains neutral, adding, “Resistance is at 0.9510. Only a close above this would be a major bullish development and confirm the bullish sentiment. Support is at 0.9224 ahead of 0.9116”.
AUD/USD relevant levels
At the moment the pair is up 0.03% at 0.9321 with the next hurdle at 0.9393 (high Sep.16) followed by 0.9400 (psychological level) and then 0.9431 (61.8% of 0.9792-0.8848). On the downside, a break below 0.9271 (high Sep.13) would open the door to 0.9250 (low Sep.16) and finally 0.9223 (low Sep.13).