16 Jun 2014
Aussie is not impressed by RBA's Kent
FXStreet (Moscow) - AUD/USD retraced from the intraday lows of 0.9384 and stalled just below 0.9400 pivot after RBA's Kent speech
Markets are not impressed
Markets turned a blind eye to RBA Kent’s comments, though he sounded pretty dovish about labour market conditions. Also he expressed his displeasure with the Aussie exchange rate that is too high in his opinion. AUD/USD dipped marginally below 0.9400, though the bearish dynamics is weak and the bulls have a good chance to get above 0.9400 pivot. Only a sustained drop below might elevate immediate bullish pressure.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9402, with support below at 0.9374, 0.9347 and 0.9319, with resistance above at 0.9429, 0.9457 and 0.9484. Hourly Moving Averages are mixed with the 200SMA at 0.9348 and the daily 20EMA at 0.9331. Hourly RSI is bearish at 45.