20 Nov 2013
AUD/USD plunges to weekly lows on FOMC minutes
FXstreet.com (Chicago) - AUD/USD fell hard to 0.9340 session lows shortly after the release of the FOMC minutes in the US.
Earlier in the US, results were mixed. The knee-jerk reaction felt across the markets was generated by the comments made on the US economy and the Fed’s decision to taper possibly, as it has been repeated for months, until data is more robust.
AUD/USD Technical Levels
Technically speaking, the pair oscillates around session lows despite having found grounds around 0.9340 daily bottoms. Offered at 0.9362, the pair navigates between the supports aligned at 0.9351 (November 8th lows), 0.93 (November 15th lows) ahead of 0.9267 (November 12th lows) and the resistances set at 0.9384 (November 14th highs), 0.9427 (November 4th lows) followed by 0.9481 (November 8th highs).
Earlier in the US, results were mixed. The knee-jerk reaction felt across the markets was generated by the comments made on the US economy and the Fed’s decision to taper possibly, as it has been repeated for months, until data is more robust.
AUD/USD Technical Levels
Technically speaking, the pair oscillates around session lows despite having found grounds around 0.9340 daily bottoms. Offered at 0.9362, the pair navigates between the supports aligned at 0.9351 (November 8th lows), 0.93 (November 15th lows) ahead of 0.9267 (November 12th lows) and the resistances set at 0.9384 (November 14th highs), 0.9427 (November 4th lows) followed by 0.9481 (November 8th highs).