30 Apr 2014
AUD/USD to range-bound until FOMC - Arab Bank
FXStreet (Bali) - According to David Scutt, Treasury Dealer at Arab Bank, the AUD/USD should continue to range trade today until the FOMC release later on Wednesday.
Key Quotes
"A quiet night for the AUDUSD overnight with the pair operating in a thin range between .9240-80 throughout."
"While the price has hardly been convincing of late, with Japanese markets returning and large market-moving events to come, it’s likely that the pair will continue to range trade today until the FOMC release at 4am tomorrow morning."
"Support is located at .9259, .9250 and at .9228 with resistance kicking in above .9280 and again above .9300."
Key Quotes
"A quiet night for the AUDUSD overnight with the pair operating in a thin range between .9240-80 throughout."
"While the price has hardly been convincing of late, with Japanese markets returning and large market-moving events to come, it’s likely that the pair will continue to range trade today until the FOMC release at 4am tomorrow morning."
"Support is located at .9259, .9250 and at .9228 with resistance kicking in above .9280 and again above .9300."