AUD/USD trades above 0.9350 on dovish chairwoman

FXstreet.com (San Francisco) - The Aussie is currently trading higher against the US Dollar as nominated chairwoman Yellen said US must improve more before starting taper. The AUD/USD advanced around 50 pips in matter of minutes from 0.9320 to reach a high of 0.9370.

Currently the AUD/USD is trading at 0.9350, above the 0.9370; next resistances are at 0.9390, 0.9425 and 0.9470. On the downside, supports are now at 0.9320, 0.9280 and 0.9265.

Nov 14, 2013

GBP/USD jumps above 1.6050 after Yellen dovish mode

The Sterling is joining the current USD weakness on the back of Yellen remarks before US Senate testimony and her considerations that the US economy must improve further before Fed taper.

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Nov 14, 2013

NZD/USD hits 0.83 ceiling; retraces

NZD/USD reached 0.8303 weekly highs but retraced below the 0.83 zone immediately ahead of Tokyo’s opening and after the release of a US budget lower than expected. On other fronts, Yellen was rather dovish on public speech stating the economy still has improvements to be made before any tapering.

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