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30 Jun 2014
AUD/USD awaits to hear if RBA changes tone
FXStreet (Guatemala) - AUD/USD is trading at 0.9429, up 0.05% on the day, having posted a daily high at 0.9442 and low at 0.9388.
The hourly FXStreet OB/OS Index is showing neutral conditions in AUD/USD on a week where markets expect the RBA to leave rates on hold. However, analysts at Bank of America Merrill Lynch noted that the RBA's recent minutes moved to a slightly more cautious tone, from what had been a relatively upbeat assessment of the outlook. “Although we forecast it will hold rates unchanged for an unprecedentedly long period, there is scope for shifts in language to convey a somewhat less optimistic tone."
AUD/USD Levels
Spot is presently trading at 0.9430, and next resistance can be seen at 0.9442 (Daily High), 0.9443 (Yesterday's High), 0.9443 (Daily Classic R1), 0.9463 (Daily Classic R2) and (Weekly Classic R1). Support below can be found at 0.9428 (Monthly High), (YTD High), 0.9424 (Weekly High), (Daily Classic PP) and (Daily Open).
The hourly FXStreet OB/OS Index is showing neutral conditions in AUD/USD on a week where markets expect the RBA to leave rates on hold. However, analysts at Bank of America Merrill Lynch noted that the RBA's recent minutes moved to a slightly more cautious tone, from what had been a relatively upbeat assessment of the outlook. “Although we forecast it will hold rates unchanged for an unprecedentedly long period, there is scope for shifts in language to convey a somewhat less optimistic tone."
AUD/USD Levels
Spot is presently trading at 0.9430, and next resistance can be seen at 0.9442 (Daily High), 0.9443 (Yesterday's High), 0.9443 (Daily Classic R1), 0.9463 (Daily Classic R2) and (Weekly Classic R1). Support below can be found at 0.9428 (Monthly High), (YTD High), 0.9424 (Weekly High), (Daily Classic PP) and (Daily Open).