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5 Aug 2014
AUD/USD subdued post trade data ahead of RBA
FXStreet (Guatemala) - AUD/USD is trading at 0.9331, down -0.04% on the day, having posted a daily high at 0.9340 and low at 0.9324.
AUD/USD remains subdued as we get the release of the Australian trade balance for June. The numbers came in as -1,683M vs -1,900m expected and 1,911M previous. AUD/USD spot is in neutral territory here while we await the RBA coming up later. Meanwhile, hourly RSI is in neutral territory at 45.80, down from it’s last hourly close at 59.06 and looking to a daily chart, we see that RSI is neutral at 44.64.
AUD/USD RBA to hold
We will turn our towards the RBA rate decision now and the central bank are widely expected to keep the cash rate on hold at 2.50%. Minutes from it’s last meeting revealed a Central Bank that suggested that the right and most appropriate course is for a period of stable rates.
AUD/USD Levels
Spot is presently trading at 0.9331, and next resistance can be seen at 0.9336 (Weekly Classic PP), 0.9370 and 0.9420. Support below can be found at 0.9326 (Hourly 100 SMA), 0.9300, 0.9260 and 0.9220.
AUD/USD remains subdued as we get the release of the Australian trade balance for June. The numbers came in as -1,683M vs -1,900m expected and 1,911M previous. AUD/USD spot is in neutral territory here while we await the RBA coming up later. Meanwhile, hourly RSI is in neutral territory at 45.80, down from it’s last hourly close at 59.06 and looking to a daily chart, we see that RSI is neutral at 44.64.
AUD/USD RBA to hold
We will turn our towards the RBA rate decision now and the central bank are widely expected to keep the cash rate on hold at 2.50%. Minutes from it’s last meeting revealed a Central Bank that suggested that the right and most appropriate course is for a period of stable rates.
AUD/USD Levels
Spot is presently trading at 0.9331, and next resistance can be seen at 0.9336 (Weekly Classic PP), 0.9370 and 0.9420. Support below can be found at 0.9326 (Hourly 100 SMA), 0.9300, 0.9260 and 0.9220.