Forex: AUD/USD volatility finding home at 1.0320 area
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AUD/USD
FXstreet.com (Barcelona) - A strong volatile range was seen on account of Fed's Bernanke statement, from 1.0353 high to 1.0280 low at first, and then a bounce back to 1.0320 area. The AUDUSD lies here, for now, as the market gets calmer and digests the dovish speech.
"Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability", Bernanke said, as he downplayed the costs of further easing through asset purchases.
Mataf.net analysts point to resistances at 1.0345, 1.0365 and 1.0395. On the downside, supports might be found at 1.0320, 1.0300 and 1.0275.
"Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability", Bernanke said, as he downplayed the costs of further easing through asset purchases.
Mataf.net analysts point to resistances at 1.0345, 1.0365 and 1.0395. On the downside, supports might be found at 1.0320, 1.0300 and 1.0275.
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