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2 Jun 2015
SEB: AUD/USD seeing a post-RBA relief rally – eFXnews
FXStreet (Barcelona) - The Technical Strategy Team at SEB believes that AUD/USD is seeing a relief rally post RBA’s decision to hold rates at 2%, and the pair might see 0.78 levels before heading lower again, as noted by eFXnews.
Key Quotes
“The post-RBA rally is on, but it is likely to fade in the first hand zone of resistance at 0.7740 where daily & weekly mid-body points come into play to attract fresh offers. If this is wrong and buyers still fancy those levels, +0.78 could be traded before the underlying downtrend resumes. Current intraday stretches are located at 0.7690 & 0.7575.”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“The post-RBA rally is on, but it is likely to fade in the first hand zone of resistance at 0.7740 where daily & weekly mid-body points come into play to attract fresh offers. If this is wrong and buyers still fancy those levels, +0.78 could be traded before the underlying downtrend resumes. Current intraday stretches are located at 0.7690 & 0.7575.”
This content has been provided under specific arrangement with eFXnews.