AUD/USD: A new month high on RBA minutes

FXStreet (Guatemala) - AUD/USD is trading at 0.9331, up 0.07% on the day, having posted a daily high at 0.9337 and low at 0.9317.

AUD/USD has scored a higher high on the month with the release of the RBA’s minutes. Despite remarks as the AUD being high by historic standards, offering less support to the economy and there being a significant degree of uncertainty on growth outlook, the pair rallied 15 pips and remains steady here post the release.

Support and resistance levels

Support levels: 0.9300 0.9260 0.9220

Resistance levels: 0.9330 0.9370 0.9410

Aug 19, 2014

RBA minutes: Uncertain economic outlook, period of stability for rates

The minutes of the last monetary policy by the Reserve Bank of Australia were just published, with the central bank noting that uncertainties over the economic outlook remain, also adding that the most prudent course likely to be period of stability for rates.

AUD/USD: A new month high on RBA minutes

AUD/USD is trading at 0.9331, up 0.07% on the day, having posted a daily high at 0.9337 and low at 0.9317.