15 Sep 2015
AUD/USD at session highs 0.7150/55 ahead of RBA minutes
FXStreet (Bali) - AUD/USD keeps breaking into higher territory ahead of the Tokyo open, last at 0.7150/55 highs, with the RBA minutes next focus for the market.
AUD/USD technicals
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "Short term, the pair presents a positive tone, with the price advancing above a bullish 20 SMA and the technical indicators maintaining a neutral stance above their mid-lines."
"In the 4 hours chart however, the technical indicators are turning lower, although the 20 SMA heads higher around the mentioned daily low, providing a strong support in the case of a downward correction", Valeria adds.
AUD/USD levels to watch
On the upside, an extension through 0.7150 should expose the 0.7170/80 area (R1 and Aug 28 high alignment) ahead of the roudn number 0.72. On the downside, liquidity levels are found at 0.7130, 0.7110 with solid bids now expected at 0.71.
AUD/USD technicals
Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "Short term, the pair presents a positive tone, with the price advancing above a bullish 20 SMA and the technical indicators maintaining a neutral stance above their mid-lines."
"In the 4 hours chart however, the technical indicators are turning lower, although the 20 SMA heads higher around the mentioned daily low, providing a strong support in the case of a downward correction", Valeria adds.
AUD/USD levels to watch
On the upside, an extension through 0.7150 should expose the 0.7170/80 area (R1 and Aug 28 high alignment) ahead of the roudn number 0.72. On the downside, liquidity levels are found at 0.7130, 0.7110 with solid bids now expected at 0.71.