15 Apr 2014
RBA minutes: Focus on AUD language - Arab Bank
FXStreet (Bali) - David Scutt, Treasury Dealer at Arab Bank in Australia, notes that the main focus in Asia today will be the release of the RBA’s April 1 monetary policy minutes at 1.30 GMT.
Key Quotes
"The document, particularly the language on the Dollar and domestic housing market, is likely to create moderate levels of volatility, albeit temporarily."
"Beyond that event, expect it to be ‘business as usual’ with the Aussie likely to be well supported on dips over the course of today’s trading session."
"Support is located ahead of .9405, .9380 and again at .9363 with resistance located at the overnight high .9440 and at .9461."
Key Quotes
"The document, particularly the language on the Dollar and domestic housing market, is likely to create moderate levels of volatility, albeit temporarily."
"Beyond that event, expect it to be ‘business as usual’ with the Aussie likely to be well supported on dips over the course of today’s trading session."
"Support is located ahead of .9405, .9380 and again at .9363 with resistance located at the overnight high .9440 and at .9461."