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16 May 2014
AUD/USD looking to break even on the week
FXStreet (Guatemala) - AUD/USD is trading at 0.9365, up 0.10% on the day, having posted a daily high at 0.9373 and low at 0.9334.
AUD/USD is coming to a close on the week slightly down, although some depths lower from the highs on the 0.94 handle. Next week, as strategists at RBS pointed out, The RBA releases meeting minutes, but this month's minutes relate to the policy meeting that included a new quarterly Statement on Monetary Policy. “The availability of the RBA's new forecasts and views should take most of the excitement out of the meting minutes”.
AUD/USD Levels
Spot is presently trading at 0.9366, and next resistance can be seen at 0.9366 (Hourly 100 SMA), 0.9373 (Daily High), 0.9379 (Monthly High), 0.9379 (Weekly High) and 0.9393 (Daily Classic R1). Support below can be found at 0.9361 (Hourly 20 EMA), 0.9361 (Hourly 200 SMA), 0.9359 (Daily Classic PP), 0.9357 (Weekly Low) and 0.9357(Daily Open).
AUD/USD chart formations
Regarding candlestick formations, we can see Doji formation on the 4-hour.
AUD/USD is coming to a close on the week slightly down, although some depths lower from the highs on the 0.94 handle. Next week, as strategists at RBS pointed out, The RBA releases meeting minutes, but this month's minutes relate to the policy meeting that included a new quarterly Statement on Monetary Policy. “The availability of the RBA's new forecasts and views should take most of the excitement out of the meting minutes”.
AUD/USD Levels
Spot is presently trading at 0.9366, and next resistance can be seen at 0.9366 (Hourly 100 SMA), 0.9373 (Daily High), 0.9379 (Monthly High), 0.9379 (Weekly High) and 0.9393 (Daily Classic R1). Support below can be found at 0.9361 (Hourly 20 EMA), 0.9361 (Hourly 200 SMA), 0.9359 (Daily Classic PP), 0.9357 (Weekly Low) and 0.9357(Daily Open).
AUD/USD chart formations
Regarding candlestick formations, we can see Doji formation on the 4-hour.