Back
20 Mar 2015
AUD/USD: Sitting with a bearish bias for the close
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7650 with a high of 0.7656 and a low of 0.7642.
AUD/USD, much to the RBA's delight, is trading back towards the more comfortable levels that the Central Bank recently sighted. Yesterday, the greenback was sold off heavily in a remarkable sort squeeze that took the pair to the mid point of the 0.78 handle. That correction was quickly reversed as the markets demonstrates its appetite and demand for the US dollar, regardless of a more dovish Fed this month around.
For today in Asia, RBA governor Stevens is speaking in front of the American Chamber of Commerce in Australia and this is all we will have from the docket of events until Europe and US opens again, although the only real concern for the pair will be Fed's Lockhart speaking in the US. Meanwhile, we are trading back into familiar ranges with a bearish bias, with the yearly lows back on the cards at circa 0.7550.
AUD/USD, much to the RBA's delight, is trading back towards the more comfortable levels that the Central Bank recently sighted. Yesterday, the greenback was sold off heavily in a remarkable sort squeeze that took the pair to the mid point of the 0.78 handle. That correction was quickly reversed as the markets demonstrates its appetite and demand for the US dollar, regardless of a more dovish Fed this month around.
For today in Asia, RBA governor Stevens is speaking in front of the American Chamber of Commerce in Australia and this is all we will have from the docket of events until Europe and US opens again, although the only real concern for the pair will be Fed's Lockhart speaking in the US. Meanwhile, we are trading back into familiar ranges with a bearish bias, with the yearly lows back on the cards at circa 0.7550.