AUD / USD fell to a minimum in June 2010 to around 0.8210 after the publication of favorable statistics from the US and the statements of Stevens, head of the RBA, who wants to see the AUD / USD at around 0.7500 instead of 0.8500. Slipped 75 points from the level 0.8290, AUD / USD rebounded from 0.8210, having met buying interest, and returned to the level of 0.8270. Now, AUD/USD is trading around 0.8275 down 0.62%, before touching the daily maximum and minimum 0.8378 0.8215. AUD / USD is trading in neutral territory, as the hour time frame, whereas the trend index slightly turned down, said the analysts of the Forex Broker Company RVD Markets.
Asian session was fairly busy, and its leader was kiwi, while the US dollar weakened against major currencies in anticipation of the FOMC meeting next week and report on retail sales today. AUD / USD swallowed offera on the way to 0.8373 after the release of a favorable report on employment in Australia. However, detailed his research showed that an increase of 43,500 mostly fell on the jobs part-time. From the highs pair dropped to 0.8330, where it was fixed in anticipation of European trading. NZD / USD trading has become a leader in Asia after RBNZ confirmed that headed for policy tightening, surprising Forex market. In a statement, the RBNZ said it expected further increase of OCR, which is required at a later stage. This phrase has been omitted in the previous statement. RBNZ once again warned of the danger of strong growth NZD: The exchange rate does not reflect the fall in export prices, which takes place this year, and remains too high. NZD/USD dropped from 0.7870 to 0.78.
Technical Analysis
AUD / USD fell to a five-week low. The sudden drop in the Aussie across the board sent the AUD / JPY from the level of 98.10 to around 97.44, which is located at least October 31st. The pair traded in different directions around 98.00, consolidating after a sharp drop in the last three sessions. Strong performance in the Australian employment was temporary support Aussie, but statements of RBA Stevens that the AUD / USD should be closer to 0.75, not 0.85, weaken the currency.
AUD / USD dropped from 0.8270 to 0.8212, while the AUD / NZD has lost a mark 1.0580, falls to 1.0534 and approached the lows of the year. Levels on AUD / USD as follows: if the pair will continue to rise above 0.8290, resistance is located at 0.8300, 0.8340 and 0.8365. Support is expected at 0.8230, 0.8215 and 0.8200, said the experts of RVD Markets (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
