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2 Jun 2015
AUD/USD spikes to 0.7663 on RBA’s status-quo, back at 0.7650
FXStreet (Mumbai) - AUD/USD extends its overnight gains and rallies to fresh session highs above 0.7650 levels in the late-Asian session, mainly driven by AUD strength after the Reserve Bank of Australia (RBA) kept cash rate unchanged at record low of 2%.
AUD/USD rises from 0.7630 post RBA decision
Currently, the AUD/USD pair trades 0.55% at 0.7646, retracing from fresh session highs reached at 0.7663 shortly after the RBA policy announcement. The Aussie was boosted and jumped nearly 40 pips after the central bank left its monetary policy unchanged today, while keeping doors open for further rate cuts depending on economic conditions.
In addition, RBA also repeating it’s too strong Aussie dollar comment with Governor Glenn Stevens stating it was both necessary and likely that the Australian dollar would depreciate further.
Meanwhile, markets now shift their focus towards a set of US macro release later in the day for further impetus on the pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7671 (June 1 High) levels, above which gains could be extended to 0.7700 levels. On the flip side, support is seen at 0.7600 levels from here it to 0.7568 (April 15 Low) levels.
AUD/USD rises from 0.7630 post RBA decision
Currently, the AUD/USD pair trades 0.55% at 0.7646, retracing from fresh session highs reached at 0.7663 shortly after the RBA policy announcement. The Aussie was boosted and jumped nearly 40 pips after the central bank left its monetary policy unchanged today, while keeping doors open for further rate cuts depending on economic conditions.
In addition, RBA also repeating it’s too strong Aussie dollar comment with Governor Glenn Stevens stating it was both necessary and likely that the Australian dollar would depreciate further.
Meanwhile, markets now shift their focus towards a set of US macro release later in the day for further impetus on the pair.
AUD/USD Technical Levels
The pair has an immediate resistance at 0.7671 (June 1 High) levels, above which gains could be extended to 0.7700 levels. On the flip side, support is seen at 0.7600 levels from here it to 0.7568 (April 15 Low) levels.