Back

AUD/USD: Awaits RBA minutes; trades below key resistance

FXStreet (Guatemala) - AUD/USD is currently trading at 0.7640 with a high of 0.7682 and a low of 0.7612.

AUD/USD is lined up on the bid that came for the better part of the opening markets as the dollar gives back a little on what might profit taking ahead of this week's showdown in the FOMC. However, first up we have the RBA's minutes from the interest rate decision where they left rates unchanged. Markets will be looking for whether the RBA mentions the possibility of a rate cut at some later stage this year.

Technically, we are awaiting to see if resistance at the 0.78 handle holds which opens up the downtrend at 0.7812. This level is keeping pressures on the pair to the downside and while below here, the base of the 2 year down channel at 0.7528 vs the greenback is in sight.

USD/CHF consolidates above 1.0000

USD/CHF, as most crosses in the FX market, has had a quiet day, consolidating last week’s gains above the parity level as investors turn their attention to Wednesday’s FOMC meeting.
Đọc thêm Previous

Upward correction seeking 1.06 handle - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted the technical conditions surrounding the Euro as we move over to Asia towards the end of USA shift.
Đọc thêm Next