29 Jul 2013
AUD/USD heads lower
FXstreet.com (Barcelona) - AUD/USD is down on the day and at the start of what might be a busy couple of weeks for the pair.
This week, AUD/USD may be driven by US data and FOMC on Wednesday. The following week sees the RBA meet on the 6th Aug and a rate cut that hasn’t yet been fully priced in could see the AUD finally crack 0.9000.
AUD/USD choppy
AUD/USD has been choppy of late, and it may be that its forming a base here. Meanwhile, the pair is capped by key resistance at 0.9388/0.9405 and while being so, a downside bias will persist. The market is looking to target 0.9000 towards 0.8550.
This week, AUD/USD may be driven by US data and FOMC on Wednesday. The following week sees the RBA meet on the 6th Aug and a rate cut that hasn’t yet been fully priced in could see the AUD finally crack 0.9000.
AUD/USD choppy
AUD/USD has been choppy of late, and it may be that its forming a base here. Meanwhile, the pair is capped by key resistance at 0.9388/0.9405 and while being so, a downside bias will persist. The market is looking to target 0.9000 towards 0.8550.