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FXStreet (Moscow) - AUD/USD dipped to 0.9316 from 0.9327 before the RBA decision announcement, 0.9300 pivot is still out of reach as bearish movement cannot gain momentum.
RBA was boring this time
RBA spared us a surprise and left both the Cash Rate Target (at 2.5%) and rhetoric unchanged. Markets were eager to hear something about latest inflation data that came out higher than expected, but the central bank refrained from changing its inflation out look so far. Exchange rate was mentioned again - the central bank repeated its mantra about high Aussie by historical standards As a natural consequence, Aussie dipped, but overall reaction is rather muted, AUD/USD moved towards 0.9315 and there returned to 0.9327 (just where it was before the announcement). Glitch of volatility is going to be temporary and the markets will switch their attention to US macroeconomic data scheduled for today pretty soon. From the technical point of view, the key levels to watch in the near term: 0.9345 on the upside and 0.9300 on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9325, with support below at 0.9313, 0.9291 and 0.9279, with resistance above at 0.9347, 0.9359 and 0.9381. Hourly Moving Averages are bearish with the 200SMA bearish at 0.9367 and the daily 20EMA bearish at 0.9370. Hourly RSI is bearish at 49.
5 Aug 2014
AUD/USD at 0.9327 after RBA, nothing to write home about
FXStreet (Moscow) - AUD/USD dipped to 0.9316 from 0.9327 before the RBA decision announcement, 0.9300 pivot is still out of reach as bearish movement cannot gain momentum.
RBA was boring this time
RBA spared us a surprise and left both the Cash Rate Target (at 2.5%) and rhetoric unchanged. Markets were eager to hear something about latest inflation data that came out higher than expected, but the central bank refrained from changing its inflation out look so far. Exchange rate was mentioned again - the central bank repeated its mantra about high Aussie by historical standards As a natural consequence, Aussie dipped, but overall reaction is rather muted, AUD/USD moved towards 0.9315 and there returned to 0.9327 (just where it was before the announcement). Glitch of volatility is going to be temporary and the markets will switch their attention to US macroeconomic data scheduled for today pretty soon. From the technical point of view, the key levels to watch in the near term: 0.9345 on the upside and 0.9300 on the downside.
What are today’s key AUD/USD levels?
Today's central pivot point can be found at 0.9325, with support below at 0.9313, 0.9291 and 0.9279, with resistance above at 0.9347, 0.9359 and 0.9381. Hourly Moving Averages are bearish with the 200SMA bearish at 0.9367 and the daily 20EMA bearish at 0.9370. Hourly RSI is bearish at 49.