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Forex: AUD/USD testing the 1.0400 region

FXstreet.com (Barcelona) - The AUD/USD has crept higher Monday during European and American trading, having regained its session highs, previously established at 1.0402. At the time of writing, the pair is testing this region, securing an advance of +0.41% above its opening in these moments.

The ICN.com analyst team points to resistances at 1.0415, onto 1.0440, and finally 1.0465. Conversely, a paring of gains will result in AUD/USD testing calculated support at 1.3055, ahead of 1.0300, and 1.0270.

“Prolonged stability above the 1.0300 level helps us maintain our positive forecast, however the pair is currently trading below it linear Regression Indicators and its stochastic is reflecting a negative bias. Therefore, we expect to see major volatility and perhaps a slight drop.” notes the ICN.com Analyst Team.

Later tonight beginning at 23:15 GMT, investors will be tuned into the dual-speeches in Australia from RBA Assistant Governor Debelle and RBA Deputy Governor Lowe.

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