16 Jun 2015
AUD/USD: Early activity ahead of RBA minutes
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7753 with a high of 0.7766 and a low of 0.7746.
AUD/USD has been slightly offered in tokyo as we await the RBA minutes as the main event in the Asian session that has been scheduled. The bulls have since taken the pair back off the lows made in the previous moments though.
We will be monitoring the minutes for forward guidance that didn't come with Junes statement when the Central Bank left rates on hold. However, since then, Stevens came out with, “We remain open to the possibility of further policy easing, if that is, on balance, beneficial for sustainable growth.”
Technically, the major is offered 0.7820 in the main. 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 has been slightly offered in tokyo as we await the RBA minutes as the main event in the Asian session that has been scheduled. The bulls have since taken the pair back off the lows made in the previous moments though.
We will be monitoring the minutes for forward guidance that didn't come with Junes statement when the Central Bank left rates on hold. However, since then, Stevens came out with, “We remain open to the possibility of further policy easing, if that is, on balance, beneficial for sustainable growth.”
Technically, the major is offered 0.7820 in the main. 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.