AUD/USD remains strongly on the bullish bias after the RBA meeting
By
Felipe Erazo
PUBLISHED:
18 Feb 2014 @ 11:47
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More info about Felipe Erazo
AUD/USD has reacted positively after the RBA meeting in the early hours of the Asian session today.
This pair started the session below the pivot point at the level of 0.9040 and after the publication of the RBA statement, which was optimistic, the aussie was consolidated above that level and is now tratandod and make a breakout in the resistance level of 0.9060. If successful, it is expected to rise to the level of 0.9087. On the other hand, is expected to fall to the support level of 0.9040 if the pair takes a bearish rebound to current levels.
The MACD indicator is moving into positive territory, which could strengthen the bullish outlook on this pair.
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