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18 Jun 2013
AUD/USD plummets below 0.9530 post-RBA minutes
FXstreet.com (Barcelona) - AUD/USD is last trading at fresh session lows 0.9527 plummeting from recent session highs at 0.9574, following latest RBA meeting minutes, where the Australian central bank has stated that “the inflation outlook as currently assessed might provide some scope for further easing.”
According to analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica, the Aussie might be building a top formation for a further slide to come, “with a clear break below 0.95, required to confirm,” Drvenica said. The pair is last at 0.9518, down -0.58% for the week so far, and -9.6% in last 6 months.
Immediate support to the downside for AUD/USD lies at yesterday's fresh weekly lows 0.9508, followed by June 10 highs at 0.9481, while closest resistance to the upside shows at yesterday's Asian session lows 0.9551, followed by recent session highs at 0.9570.
According to analyst at Windsor Brokers and contributor at FXstreet.com Slobodan Drvenica, the Aussie might be building a top formation for a further slide to come, “with a clear break below 0.95, required to confirm,” Drvenica said. The pair is last at 0.9518, down -0.58% for the week so far, and -9.6% in last 6 months.
Immediate support to the downside for AUD/USD lies at yesterday's fresh weekly lows 0.9508, followed by June 10 highs at 0.9481, while closest resistance to the upside shows at yesterday's Asian session lows 0.9551, followed by recent session highs at 0.9570.