16 Jun 2015
AUD/USD: Steady on mid 0.77 ahead of RBA minutes
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7761 with a high of 0.7778 and a low of 0.7702.
AUD/USD is set up ready for the RBA minutes later today, consolidated on the bid after a rally in Europe. The markets will be looking for forward guidance from the minutes as none were offered in the statement when the Central Bank left rates on hold. There were comments there after later in the month though from Stevens who explained that they are ready to act accordingly. “We remain open to the possibility of further policy easing, if that is, on balance, beneficial for sustainable growth.”
Ahead of the minutes, we have Guy Debelle, who is the Central Banks Assistant Governor (Financial Markets) who is going to be addressing an audience at the Launch of Financial Integration in the Asia Pacific: Future of Australian Financial Services and that starts in next moments.
Technically, while below 0.7820 the downside pressure will be felt while a move higher on 0.7820 could open up a recovery to the 0.7880/ the 50% retracement. Karen Jones, chief analyst at Commerzbank explained that this is a level that guards the 0.8160 recent high. "Our interpretation of these moves is that the market remains bearish."
AUD/USD is set up ready for the RBA minutes later today, consolidated on the bid after a rally in Europe. The markets will be looking for forward guidance from the minutes as none were offered in the statement when the Central Bank left rates on hold. There were comments there after later in the month though from Stevens who explained that they are ready to act accordingly. “We remain open to the possibility of further policy easing, if that is, on balance, beneficial for sustainable growth.”
Ahead of the minutes, we have Guy Debelle, who is the Central Banks Assistant Governor (Financial Markets) who is going to be addressing an audience at the Launch of Financial Integration in the Asia Pacific: Future of Australian Financial Services and that starts in next moments.
Technically, while below 0.7820 the downside pressure will be felt while a move higher on 0.7820 could open up a recovery to the 0.7880/ the 50% retracement. Karen Jones, chief analyst at Commerzbank explained that this is a level that guards the 0.8160 recent high. "Our interpretation of these moves is that the market remains bearish."