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18 Jun 2013
AUD/USD stabilising around 0.9510
FXstreet.com (Edinburgh) - Monday’s bullish attempt of the Aussie dollar faltered in the proximity of 0.9570, sparking a pullback in AUD/USD that found support around 0.9500 the figure overnight.
RBA Minutes weighting on AUD/USD
The RBA released its minutes early morning in Asia, and one of the main issues was the still high level of the AUD. “The picture remains the same, the RBA has a dovish bias and is focused on the transition from mining sector led growth to the non-mining sector. There hasn’t been any new insight on this recently and, hence, the RBA is pretty much repeating previous views”, commented Adrian Foster, Strategist at Rabobank.
AUD/USD support/resistance levels
As of writing the pair is down 0.35% at 0.9510 and a breach of the psychological level at 0.9500 would bring 0.9430 (low Jun.13). On the upside, resistance levels align at 0.9655 (high Jun.14) ahead of 0.9665 (high Jun.13) and then 0.9675 (high Jun.6).
RBA Minutes weighting on AUD/USD
The RBA released its minutes early morning in Asia, and one of the main issues was the still high level of the AUD. “The picture remains the same, the RBA has a dovish bias and is focused on the transition from mining sector led growth to the non-mining sector. There hasn’t been any new insight on this recently and, hence, the RBA is pretty much repeating previous views”, commented Adrian Foster, Strategist at Rabobank.
AUD/USD support/resistance levels
As of writing the pair is down 0.35% at 0.9510 and a breach of the psychological level at 0.9500 would bring 0.9430 (low Jun.13). On the upside, resistance levels align at 0.9655 (high Jun.14) ahead of 0.9665 (high Jun.13) and then 0.9675 (high Jun.6).