16 Jun 2015
AUD/USD: Benign RBA minutes, back on the bid
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7777 with a high of 0.7781 and a low of 0.7742.
AUD/USD went back to pre announcement levels and bid after an initial spike to the downside on the back of benign minutes that have not brought us any clearer messages of forward guidance. There are continued pressures arising however with the RBA continuing to talk dow the Aussie saying that further weakness is needed and likely.
Technically, we remain with the outlook that the major will remain offered below 0.7820 in the main and a break of here would be compelling and could draw attention back towards the upside on the hunt for stops around the 0.7880/ the 50% retracement for higher grounds still and bulls would be on the look out for 0.8160 and recent high. To the downside, 0.7720/40 could be a strong supporting area.
AUD/USD went back to pre announcement levels and bid after an initial spike to the downside on the back of benign minutes that have not brought us any clearer messages of forward guidance. There are continued pressures arising however with the RBA continuing to talk dow the Aussie saying that further weakness is needed and likely.
Technically, we remain with the outlook that the major will remain offered below 0.7820 in the main and a break of here would be compelling and could draw attention back towards the upside on the hunt for stops around the 0.7880/ the 50% retracement for higher grounds still and bulls would be on the look out for 0.8160 and recent high. To the downside, 0.7720/40 could be a strong supporting area.