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2 Apr 2014
AUD/USD quiet and settled below pivot
FXStreet (Guatemala) - Currently, AUD/USD is trading at 0.9242, down -0.02% on the day, having posted a daily high at 0.9250 and low at 0.9239.
The Australian dollar had seen highs through $0.9300 to a new four-month high overnight. But this appeared to have brought in some profit-taking and the pair returned to its lows near $0.9255.
RBA on hold
BBH Global Currency Strategy Team explained that the Reserve Bank of Australia left rates on hold with the cash rate at a record low 2.5%. “The accompanying statement continued to indicate a period of stable rates. Regarding the currency, its verbosity was minimal, recognizing that it remains high by historical standards and that its recent strength offsets some of the improvements that had been seen”.
How volatile has AUD/USD been?
Not very. The Hourly 2-Standard Deviation Volatility Bandwidth is currently 62 pips, and has been shrinking, while the ATR (14) is currently 8 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 381 pips and expanding. The average movement for the current hour has been for 8 pips per hour, over the last four weeks. Meanwhile, 1:00-2:00 GMT represented peak for volatility, with an average movement of 14 pips over the same period.
AUD/USD Levels
Spot is presently trading at 0.9244, and next resistance can be seen at 0.9247 (Daily Open), 0.9250 (Daily High), 0.9250 (Hourly 100 SMA), 0.9251 (Hourly 20 EMA) and 0.9254 (Daily Classic PP). Next support to the downside can be found at 0.9239 (Daily Low), 0.9230 (Yesterday's Low), 0.9227 (Daily Classic S1), 0.9198 (Weekly Classic PP) and 0.9191 (Daily Classic S2).
The Australian dollar had seen highs through $0.9300 to a new four-month high overnight. But this appeared to have brought in some profit-taking and the pair returned to its lows near $0.9255.
RBA on hold
BBH Global Currency Strategy Team explained that the Reserve Bank of Australia left rates on hold with the cash rate at a record low 2.5%. “The accompanying statement continued to indicate a period of stable rates. Regarding the currency, its verbosity was minimal, recognizing that it remains high by historical standards and that its recent strength offsets some of the improvements that had been seen”.
How volatile has AUD/USD been?
Not very. The Hourly 2-Standard Deviation Volatility Bandwidth is currently 62 pips, and has been shrinking, while the ATR (14) is currently 8 pips. Daily 2-Standard Deviation Volatility Bandwidth is at 381 pips and expanding. The average movement for the current hour has been for 8 pips per hour, over the last four weeks. Meanwhile, 1:00-2:00 GMT represented peak for volatility, with an average movement of 14 pips over the same period.
AUD/USD Levels
Spot is presently trading at 0.9244, and next resistance can be seen at 0.9247 (Daily Open), 0.9250 (Daily High), 0.9250 (Hourly 100 SMA), 0.9251 (Hourly 20 EMA) and 0.9254 (Daily Classic PP). Next support to the downside can be found at 0.9239 (Daily Low), 0.9230 (Yesterday's Low), 0.9227 (Daily Classic S1), 0.9198 (Weekly Classic PP) and 0.9191 (Daily Classic S2).