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4 Jun 2014
AUD/USD trades within a broad 2 cent range
FXStreet (Guatemala) - AUD/USD is trading at 0.9265, up 0.01% on the day, having posted a daily high at 0.9270 and low at 0.9263.
AUD/USD’s broader 0.92-0.94 range is holding while the RBA has been display greater concern over the Australian dollars strength despite a decline in commodity prices. This was voiced in their policy statement although, as Lee Hardman, analyst at The Bank of Tokyo-Mitsubishi UFJ, Ltd, explained, “The rest of the statement was left broadly unchanged signalling that RBA monetary policy remains comfortably on hold”.
AUD/USD Levels
Spot is presently trading at 0.9266, and next resistance can be seen at 0.9270 (Daily High), 0.9273 (Hourly 100 SMA), 0.9284 (Weekly Classic PP), 0.9285 (Daily 20 SMA) and 0.9290 (Yesterday's High). Support below can be found at 0.9265 (Daily Open), 0.9264 (Daily Classic PP), 0.9263 (Daily Low), 0.9260 (Hourly 20 EMA) and 0.9258 (Hourly 200 SMA).
AUD/USD’s broader 0.92-0.94 range is holding while the RBA has been display greater concern over the Australian dollars strength despite a decline in commodity prices. This was voiced in their policy statement although, as Lee Hardman, analyst at The Bank of Tokyo-Mitsubishi UFJ, Ltd, explained, “The rest of the statement was left broadly unchanged signalling that RBA monetary policy remains comfortably on hold”.
AUD/USD Levels
Spot is presently trading at 0.9266, and next resistance can be seen at 0.9270 (Daily High), 0.9273 (Hourly 100 SMA), 0.9284 (Weekly Classic PP), 0.9285 (Daily 20 SMA) and 0.9290 (Yesterday's High). Support below can be found at 0.9265 (Daily Open), 0.9264 (Daily Classic PP), 0.9263 (Daily Low), 0.9260 (Hourly 20 EMA) and 0.9258 (Hourly 200 SMA).