交易新闻
24 Apr 2015
AUD/USD up to significant levels; but how far further?
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7832 with a high of 0.7841 and a low of 0.7762.
AUD/USD is up to just shy of the April highs, rising a weak dollar and bulls taking the lead in respect of bets n the table of whether the RBA are needing to make a move or not at the next meeting in early May. recently, the domestic data in Australia has been an improvement and in line with how the RBA have been hoping that the earlier changes to policy would take effect.
These improvements coupled with data disappointing in the US which sets back timings for a rate hike is fuelling the major to the upside. However, if the pair moves much higher, in to the 0.80 territory, then we will be concerned about intervention once again. From here, a move higher to test 0.7850 is significant based on the momentum indicators, a clear break above this level appears unlikely according to analysts at UOB Group.
AUD/USD is up to just shy of the April highs, rising a weak dollar and bulls taking the lead in respect of bets n the table of whether the RBA are needing to make a move or not at the next meeting in early May. recently, the domestic data in Australia has been an improvement and in line with how the RBA have been hoping that the earlier changes to policy would take effect.
These improvements coupled with data disappointing in the US which sets back timings for a rate hike is fuelling the major to the upside. However, if the pair moves much higher, in to the 0.80 territory, then we will be concerned about intervention once again. From here, a move higher to test 0.7850 is significant based on the momentum indicators, a clear break above this level appears unlikely according to analysts at UOB Group.