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Forex pairs in this Article » AUD/USD
FXstreet.com (San Francisco) - AUDUSD dipped back into the 1.0240 support zone after today's RBA minutes, but bulls have since lifted price back above the 1.0250 mark to a fresh 2-day high near 1.0270.

Markets are now digesting possible hints on whether or not a November change in central bank policy is forthcoming; according to a brief synopsis of the minutes by the FXstreet.com Independent Analysis Team, the risk of a November interest rate cut still exists.

At the time of writing, AUDUSD seems to be holding firm around the 1.0265 level. Yesterday's bullish daily pin at a 38.2% Fibonacci retracement level is adding to the positive technical outlook for the pair.

If price does maintain upward tendencies in the days ahead, a sustained break above 1.0290 is the level to overcome. Above there, 1.0325 (Sep 26 low) may offers resistance before 1.0365 (Sep 20 low), then 1.0405 (Sep 18 low). Below the RBA-inspired session low, the mentioned 38.2% Fibo offers immediate support at 1.0225.
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