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17 Sep 2013
AUD/USD consolidates prices above 0.9350
FXstreet.com (San Francisco) - After rising around 70 pips on the day from 0.9290 to break above the 0.9350, the AUD/USD reached intra-day highs at 0.9365. Currently the Australian Dollar is consolidating prices above the 0.9350 against the Greenback.
Early in the session, the RBA emphasized again that 'the Bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them.'
AUD/USD mood
The AUD/USD is moving now at 0.9356, 0.42% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).
Early in the session, the RBA emphasized again that 'the Bank should again neither close off the possibility of reducing rates further nor signal an imminent intention to reduce them.'
AUD/USD mood
The AUD/USD is moving now at 0.9356, 0.42% positive on the day. The short term perspective remains slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
In terms of technical levels, the AUD/USD could find immediate resistances at 0.9360 (100-day SMA) and the 0.9385/90 zone (Sep 16 highs). On the other hand, supports are seen at 0.9285 (daily low) and 0.9250 (Sep 13 closing price).