{"id":8884,"date":"2010-04-28T15:16:32","date_gmt":"2010-04-28T19:16:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8884"},"modified":"2010-04-28T15:16:32","modified_gmt":"2010-04-28T19:16:32","slug":"audusd-climbs-back-above-92","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/28\/audusd-climbs-back-above-92\/","title":{"rendered":"AUD\/USD Climbs Back Above .92"},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; The usually reliable Aussie joined in on the risk aversion yesterday, setting new April lows before bouncing back above its psychological .92 level.\u00a0 Debt fears in Greece spread to Portugal and other PIIGS nations, sparking speculation of contagion.\u00a0 Such uncertainty even dragged the Aussie lower since instability in the EU may lead the RBA to be cautious and neutral come May\u2019s meeting.\u00a0 After all, Steven\u2019s recently expressed that interest rates may be approaching a reasonable level.\u00a0 With the end of the RBA\u2019s rate hikes coming into view, any additionally fiscal flare ups in the EU could have a more noticeable impact on the Aussie.\u00a0 Although yesterday\u2019s PPI figures printed a bit hotter than expected, today\u2019s CPI number was in line with analyst expectations.\u00a0 Hence, with prices tame and Australian fundamentals cooling down as of late, the RBA may become more incline to stand pat, an Aussie negative.\u00a0 Although Australia will be relatively quiet on the data wire tomorrow, the next 24 hours could prove to be active with the Fed\u2019s monetary policy decision on the way.<\/p>\n<p>Technically speaking, the Aussie faces technical barriers in the form of intraday, 4\/26, 4\/21, 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 intraday and 3\/22 lows.<\/p>\n<p>Price: .9217<br \/>\nResistances: .9219, .9227, .92.40, .92.51, .92.59, .92.68, 92.83<br \/>\nSupports: .9211, .9200, .9188, .9171, .9158, .9134<br \/>\nPsychological: .93, .94, .92, April highs and lows<\/p>\n<p><a href=\"http:\/\/www.fastbrokers.net\/news\/image\/April28Aussie.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.fastbrokers.net\/news\/image\/April28Aussie.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 usually reliable Aussie joined in on the risk aversion yesterday, setting new April lows before bouncing back above its psychological .92 level.\u00a0 Debt fears in Greece spread to Portugal and other PIIGS nations, sparking speculation of contagion.\u00a0 Such uncertainty even dragged the Aussie lower since instability in the EU may &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/28\/audusd-climbs-back-above-92\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Climbs Back Above .92&#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-8884","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8884","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=8884"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8884\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}