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17 Sep 2013
The AUD/USD trades at daily highs around 0.9360
FXstreet.com (San Francisco) - The Aussie is extending its recovery against the US Dollar with a positive tone following the relatively neutral RBA minutes tone. The AUD/USD is setting back almost half of the Monday's loses.
The RBA emphasized again that 'the Bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them.'
After rising from 0.9285, the AUD/USD is now trading around 0.9360 just after the US CPI data figures. Initial reaction is slightly up with the Aussie advancing around 10 pips to price at daily highs at 0.9360.
US CPI data came weaker than expected with Yearly inflation declining to 1.5% in August from 2.0% in July. Expectations were a inflation of 1.6%.
AUD/USD bias
The pair is 0.38% positive in the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).
The RBA emphasized again that 'the Bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them.'
After rising from 0.9285, the AUD/USD is now trading around 0.9360 just after the US CPI data figures. Initial reaction is slightly up with the Aussie advancing around 10 pips to price at daily highs at 0.9360.
US CPI data came weaker than expected with Yearly inflation declining to 1.5% in August from 2.0% in July. Expectations were a inflation of 1.6%.
AUD/USD bias
The pair is 0.38% positive in the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).