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Aussie muted/slightly bid post RBA minutes

Currently, AUD/USD is trading at 0.7252, up 0.07% on the day, having posted a daily high at 0.7258 and low at 0.7240.

AUD/USD is muted/slightly bid after the RBA minutes and remains overall subdued on the lows of the recent sessions after further demand for the greenback fuelled by Yellen who suggested that the jobs market is improving (strongest in a decade) and wages are growing.  The RBA minutes, however, offered the market a renewed risk in the value of the Aussie, but surely nothing to be concerned for in an era of strong USD? However, the minutes of course came before the Fed decision and hawkishness when the RBA last met in November. 

RBA minutes: Considerable uncertainty about momentum in labour market, still saw excess capacity

AUD/USD levels

Spot is presently trading at 0.7252, and next resistance can be seen at 0.7252 (Daily Classic S1), 0.7258 (Daily High), 0.7269 (Hourly 20 EMA), 0.7312 (Daily Classic PP) and 0.7315 (Yesterday's High). Next support to the downside can be found at 0.7247 (Monthly Low), 0.7247 (Weekly Low), 0.7247 (Daily Open), 0.7242 (Yesterday's Low) and 0.7240 (Daily Low). 

 

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