OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD liked Stevens comments, but in no hurry to grow

FXStreet (Moscow) - AUD/USD has gained 10 pips on Stevens comments as the pair climbed to 0.9285 from around 0.9275 earlier. The pivotal resistance of 0.9300 is still out of reach

Aussie liked Stevens comments

The Aussie failed to get above 0.9300 on better than expected Australian GDP data and spectacular growth of Chinese PMI as traders have been waiting for RBA’s Stevens speech. Yesterday the central bank announced its monetary policy decision (no surprises here), though some jawboning about high Aussie by historical standards put the currency under pressure. Though, speaking today Stevens refrained from comments on Aussie exchange rate, but sounded less dovish, than expected. The Governor stressed that it is unwise to lower rates at this point due to housing market impact. His words triggered bullish Aussie response, but the momentum is rather weak. From the technical point of view, the initial resistance is seen at 0.9300 and followed by medium offers at 0.9335. The support is seen at 0/9255 as there is a cluster of fresh bids coupled with horizontal support line at 0.9250.

What are today’s key AUD/USD levels?

Currently, AUD/USD is trading at 0/9285 with the support below at 0.9263 (intraday Asian low), 0.9255/50 and 0.9230 (market stops); the resistance is seen at 0.9300/04 (Asian high), followed by medium offers at 0.9335 and 55-dma at 0.9356.

RBA Stevens: Unwise to further inflate high house prices with rates

RBA Governor Stevens is giving a speech to the Committee for Economic Development of Australia (CEDA), with the headlines of his prepared speech now crossing the wires, noting that further rate cuts were unlikely given the risk it poses on high house prices.
Read more Previous

AUD/NZD is desperate to climb above 1.1180 resistance

AUD/NZD is trying to develop bullish dynamics as the cross started the day at 1.1148 and climbed to 1.178 on the back of somewhat positive AUD/USD sentiments.
Read more Next
Start livechat