Back
2 Jun 2015
AUD/USD pared gains
FXStreet (Mumbai) - The Australian dollar is erasing post-RBA gains, taking the AUD/USD pair lower to 0.7680 levels from the high of 0.7707 levels.
RBA: Further AUD depreciation likely
The Aussie shot higher across the board after the RBA policy statement carried a slightly less dovish tone. However, the RBA repeated that it is desirable and likely that the AUD could depreciate further.
Consequently, the AUD/USD pair erased part of its gains to trade at 0.7680 levels. Ahead in the day, the pair could be influenced by the US factory orders data and ISM New York index figure.
AUD/USD Technical Levels
The immediate resistance is seen at 0.77-0.7710, above which the pair could target 0.7779 (100-DMA). On the flip side, a a break below 0.7669 could push the pair lower to 0.7616.
RBA: Further AUD depreciation likely
The Aussie shot higher across the board after the RBA policy statement carried a slightly less dovish tone. However, the RBA repeated that it is desirable and likely that the AUD could depreciate further.
Consequently, the AUD/USD pair erased part of its gains to trade at 0.7680 levels. Ahead in the day, the pair could be influenced by the US factory orders data and ISM New York index figure.
AUD/USD Technical Levels
The immediate resistance is seen at 0.77-0.7710, above which the pair could target 0.7779 (100-DMA). On the flip side, a a break below 0.7669 could push the pair lower to 0.7616.