{"id":6870,"date":"2010-02-16T13:11:30","date_gmt":"2010-02-16T18:11:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6870"},"modified":"2010-02-16T13:11:30","modified_gmt":"2010-02-16T18:11:30","slug":"audusd-runs-higher-after-rba-meeting-minutes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/16\/audusd-runs-higher-after-rba-meeting-minutes\/","title":{"rendered":"AUD\/USD Runs Higher After RBA Meeting Minutes"},"content":{"rendered":"

By Fast Brokers<\/strong> – The AUD\/USD has logged sizable gains today after the RBA\u2019s minutes showed that although it paused its rate hikes, the central bank will consider raising rates again should economic fundamentals continue to improve.\u00a0 Therefore, investors should keep a look out for Australian employment and consumption data when it comes.\u00a0 The RBA\u2019s minutes also revealed that the central bank decided to pause due to economic uncertainty in Europe and tightening in China.\u00a0 That being said, if European markets calm and investor uncertainty subsides the Aussie could benefit from anticipation of an RBA rate hike next meeting.\u00a0 EU and UK data printed mixed today while U.S. numbers came in positive.\u00a0 We notice the risk trade is stabilizing across the board and gold has darted beyond its highly psychological $1100\/oz level.\u00a0 Investors should monitor activity in gold since today\u2019s movement could signal lasting upward momentum in the precious metal, a positive development for the Aussie considering gold\u2019s negative correlation with the Dollar.\u00a0 However, the Aussie does face some near-term technical barriers, most notably the psychological .90 level.\u00a0 Although Australia will be quiet on the data front tomorrow, investors will receive meeting minutes from both the BoE and Fed along with UK employment data and a host of U.S. data, highlighted by U.S. Building Permits.<\/p>\n

Technically speaking, the Aussie has multiple uptrend line serving as technical cushions along with intraday, 12\/11, and 12\/12 lows.\u00a0 As for the topside, the Aussie has multiple downtrend line serving as technical barriers along with the highly psychological .90 level.\u00a0 Furthermore, 1\/28 and 1\/25 highs could serve as technical obstacles should they be reached.<\/p>\n

Price: .8981<\/p>\n

Resistances:\u00a0\u00a0 .8987, .9006, .9018, .9039, .9058, .9074<\/p>\n

Supports: .8966, .8949, .8928, .8917, .8905, .8886<\/p>\n

Psychological: .89<\/p>\n

(click chart to enlarge)<\/p>\n

\"\"<\/a><\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong>.<\/a><\/p>\n

Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n

Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Fast Brokers – The AUD\/USD has logged sizable gains today after the RBA\u2019s minutes showed that although it paused its rate hikes, the central bank will consider raising rates again should economic fundamentals continue to improve.\u00a0 Therefore, investors should keep a look out for Australian employment and consumption data when it comes.\u00a0 The RBA\u2019s … <\/p>\n

Continue reading “AUD\/USD Runs Higher After RBA Meeting Minutes”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6870","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=6870"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6870\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}