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Trading news
17 Apr 2013
Forex: AUD/USD finds support around 1.0340
FXstreet.com (Barcelona) - After dipping to session lows in the vicinity of 1.0340, the Aussie dollar found buying interest that lifted the cross to the current levels of 1.0360/65 albeit still trading in the negative ground. In the data front, the Westpac Leading Index rose 0.6% on a monthly basis during February, beating January’s 0.4%.
“Yesterday’s RBA Board Minutes for April were less dovish than the March version, deleting the earlier line ‘further reductions may be required’, which has helped the AUD to rebound”, signalled Robert Henderson, Analyst at NAB.
AUD/USD is now losing 0.25% at 1.0364 with the next support at 1.0335 (hourly lows Apr.16) ahead of 1.0291 (low Apr.15) and then 1.0287 (low Mar.14).
On the flip side, a breakout of 1.0397 (MA200d) would bring 1.0420 (hourly high/low Apr.15) and finally 1.0437 (MA21d).
“Yesterday’s RBA Board Minutes for April were less dovish than the March version, deleting the earlier line ‘further reductions may be required’, which has helped the AUD to rebound”, signalled Robert Henderson, Analyst at NAB.
AUD/USD is now losing 0.25% at 1.0364 with the next support at 1.0335 (hourly lows Apr.16) ahead of 1.0291 (low Apr.15) and then 1.0287 (low Mar.14).
On the flip side, a breakout of 1.0397 (MA200d) would bring 1.0420 (hourly high/low Apr.15) and finally 1.0437 (MA21d).