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13 Sep 2013
AUD/USD consolidating between in 30 pip range
FXstreet.com (London) - AUD/USD is trading at 0.9240 currently, consolidating in a 30 pip range ahead of the end of this week where the pair has lost over a big figure from 0.9356 the high.
AUD/USD risk will come into play next week with the RBA September minutes on Tuesday. Meanwhile, we have seen a number of data releases from the US, in the main negative. Michigan Consumer Sentiment came in at 76.8 against 82.0 expectations.
AUD/USD eyes on July peak
Karen Jones, chief analyst at Commersbank said the AUD/USD is probing the July peak at .9318. “Key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone. We have minor support at .9225/33 and below here should trigger a slide to the 55 day ma at .9117”.
AUD/USD risk will come into play next week with the RBA September minutes on Tuesday. Meanwhile, we have seen a number of data releases from the US, in the main negative. Michigan Consumer Sentiment came in at 76.8 against 82.0 expectations.
AUD/USD eyes on July peak
Karen Jones, chief analyst at Commersbank said the AUD/USD is probing the July peak at .9318. “Key resistance remains at .9388/.9404 (2011 low and 2009 high) and we look for this to continue to cap the topside and we look for failure in and around this zone. We have minor support at .9225/33 and below here should trigger a slide to the 55 day ma at .9117”.