15 Apr 2014
AUD/USD approaches last week highs ahead of RBA minutes
FXStreet (Córdoba) - The AUD/USD started the Asian session trading above 0.9410, holding upside momentum. Yesterday finished with a moderate gain and posted the highest daily close in almost five months.
During the American session price action moved to the upside. The AUD/USD rose back above 0.9400 and peaked at 0.9424. Currently trades at 0.9418, slightly lower but still with bullish momentum. Price action moved on Monday within Friday’s trading range, like most of the currency pairs in the forex market.
AUD/USD eyeing last week highs and RBA minutes
The pair is trading barely below Friday’s highs and also pointing toward last week highs as traders await RBA minutes that will be released at 01:30 GMT.
During the American session price action moved to the upside. The AUD/USD rose back above 0.9400 and peaked at 0.9424. Currently trades at 0.9418, slightly lower but still with bullish momentum. Price action moved on Monday within Friday’s trading range, like most of the currency pairs in the forex market.
AUD/USD eyeing last week highs and RBA minutes
The pair is trading barely below Friday’s highs and also pointing toward last week highs as traders await RBA minutes that will be released at 01:30 GMT.