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4 Jul 2013
AUD/USD eases off highs
FXstreet.com (New York) - The AUD/USD technical pair retreated off session highs at 0.9183 Thursday, easing slightly during US trading in recent moments.
AUD/USD holds onto the majority of its gains
At the time of writing, the AUD/USD is still notching steadfast gains at +0.80% above it’s opening, navigating the region of 0.9160 presently. The Mataf.net analyst team has identified the next short-term measures of resistance at 0.9181 (session highs), then 0.9263, and 0.9335. Alternatively, support lies below at 0.9027, then 0.8955, and ultimately 0.8873.
AUD/USD slide below 0.85/90 2014 range
According to the TD Securities Team, “After two months of underperformance, we remain more bearish on the AUD overall. In fact, we have changed our call on the RBA (now expecting another 25bps rate cut by year end) and have accordingly cut our AUD outlook through this year and next. We now forecast the AUD/USD to trade closer to 0.90 for the second half of this year, and slide to the 0.85/90 range over 2014.”
AUD/USD holds onto the majority of its gains
At the time of writing, the AUD/USD is still notching steadfast gains at +0.80% above it’s opening, navigating the region of 0.9160 presently. The Mataf.net analyst team has identified the next short-term measures of resistance at 0.9181 (session highs), then 0.9263, and 0.9335. Alternatively, support lies below at 0.9027, then 0.8955, and ultimately 0.8873.
AUD/USD slide below 0.85/90 2014 range
According to the TD Securities Team, “After two months of underperformance, we remain more bearish on the AUD overall. In fact, we have changed our call on the RBA (now expecting another 25bps rate cut by year end) and have accordingly cut our AUD outlook through this year and next. We now forecast the AUD/USD to trade closer to 0.90 for the second half of this year, and slide to the 0.85/90 range over 2014.”