{"id":8730,"date":"2010-04-21T14:25:55","date_gmt":"2010-04-21T18:25:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8730"},"modified":"2010-04-21T14:25:55","modified_gmt":"2010-04-21T18:25:55","slug":"audusd-fluctuates-near-93","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/audusd-fluctuates-near-93\/","title":{"rendered":"AUD\/USD Fluctuates Near .93"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The Aussie is mimicking action taking place in the risk trade across the board by hovering around a psychological level, in this case .93.\u00a0 Activity in the FX market is relatively subdued today due to the lack of economic data.\u00a0 Additionally, psychological forces have cooled down a bit so far today, allowing the dollar to take a break from recent volatility.\u00a0 Meanwhile, the Aussie is still sitting in a strong position after reacting positively to the RBA\u2019s somewhat hawkish policy stance.\u00a0 As we explained in yesterday\u2019s commentary, demand for Australia\u2019s commodities is making the RBA stay aggressive in countering price increases.\u00a0 Hence, the central bank doesn\u2019t seem opposed to raising rates again over the next two meetings if growth in emerging economies stays on track.\u00a0 Regardless, investors don\u2019t have much economic data to judge Australia by today, meaning psychological forces should stay in the driver\u2019s seat for the time being.\u00a0 That being said, even though the Aussie is exhibiting a relative strength, developments effecting the dollar could still impact the Aussie as well.\u00a0 Therefore, investors should keep a close eye on the dollar\u2019s reaction to tomorrow\u2019s busy day of data.\u00a0 Also, many psychological events have been popping up around the globe lately, so activity could pick up tomorrow regardless.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of 4\/15 and 4\/12 highs.\u00a0 Additionally, the psychological .93 and .94 levels could serve as psychological obstacles over the near-term.\u00a0 As for the downside, the Aussie has multiple uptrend lines serving as technical cushions along with\u00a0 4\/13 and 4\/19 lows.<\/p>\n<p>Price: .9293<br \/>\nResistances: .9306, .9316, .9329, .9343, .9353, .9364<br \/>\nSupports: .9292, .9282, .9270, .9257, .9245, .9234<br \/>\nPsychological: .93, .94, .92, April highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April21Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April21Aussie.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast                 Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is                 provided for information purposes only and under no   circumstances        should        be regarded neither 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<p><strong>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":"<p>By Fast Brokers &#8211; The Aussie is mimicking action taking place in the risk trade across the board by hovering around a psychological level, in this case .93.\u00a0 Activity in the FX market is relatively subdued today due to the lack of economic data.\u00a0 Additionally, psychological forces have cooled down a bit so far today, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/audusd-fluctuates-near-93\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Fluctuates Near .93&#8221;<\/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-8730","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8730","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=8730"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8730\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}