-
AUD/USD breaks above 0.9350
AUD/USD broke above the 0.9340 resistance, allowing the exchange rate to travel further north to post a session high of 0.9358. The rise, which market sources blame mostly to real money on cross flows, comes ahead of Wednesday's CPI numbers in Australia, a key inputs for the Reserve Bank of Australia that AUD traders will watch closely. The recent breakout higher has invalidated a downtrend line derived off 0.9423 (April 14 high), with 0.9335/40 now expected to act as support on dips. Failure to hold would expose 0.9315 ahead of 0.93 and 0.9270. On the upside, further progress should see the area 0.9370 up to 0.9390 ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Apr 21, 2014 10:34pm Apr 21, 2014 10:34pm
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
- Comment #2
- Quote
- Apr 22, 2014 1:36am Apr 22, 2014 1:36am
- Aussi
- Joined Sep 2013 | Status: Member | 4051 Comments
KEEP THIS THREAD CLEAN
- Comment #3
- Quote
- Apr 22, 2014 6:48am Apr 22, 2014 6:48am
- irongoose
- | Joined May 2013 | Status: Member | 479 Comments
- Comment #4
- Quote
- Apr 22, 2014 8:38am Apr 22, 2014 8:38am
- ozboy
- | Joined Mar 2012 | Status: Member | 45 Comments
- Comment #5
- Quote
- Apr 22, 2014 9:17am Apr 22, 2014 9:17am
- PA is King
- Joined Jun 2013 | Status: Member | 2571 Comments
- Comment #6
- Quote
- Edited 10:18am Apr 22, 2014 9:46am | Edited 10:18am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #7
- Quote
- Apr 22, 2014 9:53am Apr 22, 2014 9:53am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #8
- Quote
- Apr 22, 2014 12:26pm Apr 22, 2014 12:26pm
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments
- Comment #9
- Quote
- Apr 22, 2014 12:26pm Apr 22, 2014 12:26pm
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments