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31 Mar 2014
AUD/USD returns to test 0.9255 offers
FXStreet (Bali) - AUD/USD is back testing offers at 0.9256 session highs after a sharp fall to 0.9232 earlier at the Tokyo open.
Big risk events looming
Moves on Monday are expected to be relatively contained on both sides ahead of the RBA monetary policy decision and Chinese PMIs, due on Tuesday in Asia. Additionally, Yellen will also speak later on Monday at 13.55 GMT, potentially producing some rounds of volatility.
AUD/USD outlook
Technically, Jim Langlands, Founder at FXCharts, notes: "There will be minor sellers at 0.9275/80 ahead of 0.9300. Above here would suggest a run towards the Fibo levels at 0.9339 (61.8% of 0.9757/0.8660) ... On the downside, 0.9240 and 0.9220 will see minor bids ahead of 0.9200, where the rising trend/weekly kijun support now lies. Below there will see buyers at 0.9180 (38.2% of 0.8660/0.9294) and then, more bids will lie at the neckline/200HMA//200 DMA at 0.9150."
Big risk events looming
Moves on Monday are expected to be relatively contained on both sides ahead of the RBA monetary policy decision and Chinese PMIs, due on Tuesday in Asia. Additionally, Yellen will also speak later on Monday at 13.55 GMT, potentially producing some rounds of volatility.
AUD/USD outlook
Technically, Jim Langlands, Founder at FXCharts, notes: "There will be minor sellers at 0.9275/80 ahead of 0.9300. Above here would suggest a run towards the Fibo levels at 0.9339 (61.8% of 0.9757/0.8660) ... On the downside, 0.9240 and 0.9220 will see minor bids ahead of 0.9200, where the rising trend/weekly kijun support now lies. Below there will see buyers at 0.9180 (38.2% of 0.8660/0.9294) and then, more bids will lie at the neckline/200HMA//200 DMA at 0.9150."