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5 Aug 2013

AUD/USD steady above 0.8900

FXstreet.com (London) - AUD/USD is trading through the 0.8900 handle having bounced from 0.8860.

AUD/USD is currently trading in a tight margin over 0.8900 at 0.8910 is awaiting the interest rate decision from Australia. The RBA is expected to cut tonight by 25 basis points. Meanwhile the pair will see ISM Non-Manufacturing PMI (Jul) in the afternoon and consensus there is for a slight improvement to 53.0.

AUD/USD is bid

AUD/USD is 20 d ma 0.9136, 50 d ma 0.9292, 200 d ma 1.0082. RSI (9) is reading 29.23. Supports are ascending from 0.8737, 0.8770, 0.8830 and 0.8846. Spot is currently 0.8910. Resistances are coming in at 0.8937, 0.8970, 0.8998 and 0.9015 while the pair is trading with a positive bias.
Aug 5, 2013

EUR/USD back to 1.3280 on better PMI data

The EUR/USD climbed to the critical barrier at 1.3300 on Monday after the euro zone members’ services PMI prints surpassed expectations....
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Aug 5, 2013

Flash: Aussie expecting a cut - BBH

Marc Chandler, Global Head of Currency Strategy at BBH notes the RBA coming up tonight.
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