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AUD/USD under pressure after RBA's statement

FXStreet (Moscow) - AUD/USD  tested an Asian low at 0.8541 and recovered towards 0.8551; the pair is rangebound with bearish bias.

AUD/USD is poised for a deep weekly decline. The pair tested the lowest level since July 2010 during Asian hours on Friday, and there may be more downside to come. The RBA stated today that the Australian economy is still rather weak, while the Australian dollar remains high by historical standards, non in sync with substantial decline on commodity prices. Investors reacted without much vigor, but they are sure to recall this once monetary policy divergence theme comes into limelight again. From the technical point of view, large stops are spotted at 0.8520 level, once they are triggered the downside may extend towards 0.8500/0.8490. Offers are clustered on approach to 0.8600.

What are today’s key AUD/USD levels? 

Today's central pivot point can be found at 0.8582, with support below at 0.8535, 0.8506 and 0.8459, with resistance above at 0.8611, 0.8658 and 0.8687. Hourly Moving Averages are mostly bearish, with the 200SMA bearish at 0.8741 and the daily 20EMA bearish at 0.8561. Hourly RSI is bearish at 39.

USD/JPY trapped in a range, NFP in focus

USD/JPY has settled at 115.33 after having traded in a range, limited by 115.06 on the downside and 115.38 on the upside.
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