19 Jun 2015
AUD/USD drifting in to the close above pivot
FXStreet (Guatemala) - AUD/USD is currently trading at 0.7769 with high of 0.7815 and a low of 0.7815.
AUD/USD bulls have done all that they can to save face in the last session of the week and unable to get above much further than the pivot that stands at 0.7755 despite the FOMC's dovish tone this week when the Fed's funding rate forecasts for 2016 and 2017 were revised down by 25 basis points each.
AUD/USD technically neutral
AUD/USD eroded the 0.78 handle recently but was unable to penetrate with much in the way of commitment from the bulls and Karen Jones, chief analyst at Commerzbank explained that further dips lower intraday should find support at 0.7720 ahead of 0.7646."
AUD/USD bulls have done all that they can to save face in the last session of the week and unable to get above much further than the pivot that stands at 0.7755 despite the FOMC's dovish tone this week when the Fed's funding rate forecasts for 2016 and 2017 were revised down by 25 basis points each.
AUD/USD technically neutral
AUD/USD eroded the 0.78 handle recently but was unable to penetrate with much in the way of commitment from the bulls and Karen Jones, chief analyst at Commerzbank explained that further dips lower intraday should find support at 0.7720 ahead of 0.7646."