16 Jun 2014
AUD/USD reaching for the 0.94 handle
FXStreet (Guatemala) - AUD/USD is trading at 0.9386, down -0.15% on the day, having posted a daily high at 0.9405 and low at 0.9384.
It’s a week of Central banks this week, starting with RBA Assistant Governor Chris Kent who will be speaking on the labour market today at at1:20pm Sydney. Then we have the RBA minutes released tomorrow at 11:30am Sydney before the FOMC meeting on Wednesday. Meanwhile, the other factor that will be important, as Sean Callow, analyst at Westpac Banking Corporation ABN notes, is the situation in Iraq which remains dire as the country continues to be overrun by the extreme Sunni ISIS movement. “Markets have handled this well so far but the situation remains tense with US aircraft carrier George Bush moving to within air striking distance”. Callow continued and explained that the situation in Iraq will be a driver for risk sentiment this week.
AUD/USD marks 0.9370 as a key level
Val Bednarik, Chief analyst at FXStreet noted that a short term ascendant trend line stands around 0.9370, acting as immediate short term support, with a break below most likely triggering further intraday falls.
AUD/USD Levels
Current price is 0.9387, with resistance ahead at 0.9391 (Weekly Classic PP), 0.9396 (Daily Open), 0.9399 (Hourly 20 EMA), 0.9402 (Daily Classic PP) and 0.9405 (Daily High). Next support to the downside can be found at 0.9387 (Hourly 100 SMA), 0.9384 (Daily Low), 0.9375 (Yesterday's Low), 0.9374 (Daily Classic S1) and 0.9356 (Weekly Low).
It’s a week of Central banks this week, starting with RBA Assistant Governor Chris Kent who will be speaking on the labour market today at at1:20pm Sydney. Then we have the RBA minutes released tomorrow at 11:30am Sydney before the FOMC meeting on Wednesday. Meanwhile, the other factor that will be important, as Sean Callow, analyst at Westpac Banking Corporation ABN notes, is the situation in Iraq which remains dire as the country continues to be overrun by the extreme Sunni ISIS movement. “Markets have handled this well so far but the situation remains tense with US aircraft carrier George Bush moving to within air striking distance”. Callow continued and explained that the situation in Iraq will be a driver for risk sentiment this week.
AUD/USD marks 0.9370 as a key level
Val Bednarik, Chief analyst at FXStreet noted that a short term ascendant trend line stands around 0.9370, acting as immediate short term support, with a break below most likely triggering further intraday falls.
AUD/USD Levels
Current price is 0.9387, with resistance ahead at 0.9391 (Weekly Classic PP), 0.9396 (Daily Open), 0.9399 (Hourly 20 EMA), 0.9402 (Daily Classic PP) and 0.9405 (Daily High). Next support to the downside can be found at 0.9387 (Hourly 100 SMA), 0.9384 (Daily Low), 0.9375 (Yesterday's Low), 0.9374 (Daily Classic S1) and 0.9356 (Weekly Low).