18 Jun 2014
AUD/USD jumps and rises back above 0.9400
FXStreet (Córdoba) - The AUD/USD bounced sharply and managed to rise back above 0.9400 as the US dollar weakened across the board following Yellen’s press conference.
Recently the pair printed a fresh daily high at 0.9408 and is holding above 0.9400, having the best day in almost a month.
AUD/USD revesed after FOMC
The pair fell to 0.9321 after the FOMC statement was release, reaching levels not seen since June 6 but then bounced to the upside and rose constantly during the last hours of trading in Wall Street. From the lows the pair climbed 85 pips, breaking important short term resistance levels.
Recently the pair printed a fresh daily high at 0.9408 and is holding above 0.9400, having the best day in almost a month.
AUD/USD revesed after FOMC
The pair fell to 0.9321 after the FOMC statement was release, reaching levels not seen since June 6 but then bounced to the upside and rose constantly during the last hours of trading in Wall Street. From the lows the pair climbed 85 pips, breaking important short term resistance levels.