AUD / USD is testing resistance at the 1.0400 level

The commodity currencies, AUD and CAD seem to be going in opposite directions at the present. While the AUD is testing resistance at the 1.0400 level, being buoyed by good news out of China and New Zealand, who left their rates unchanged at 2.5% as expected, the Canadian Dollar is under pressure after comments by Bank of Canada governor Carney. His comments that “the caser for adjustment of interest rates has become less imminent” differ from the bank’s statement on Tuesday following the BOC meeting. USD/CAD rose to test the .9950 resistance area, before retreating back towards the .9900 level.

AUD/USD intraday: further advance.

Pivot: 1.0325 Our preference: Long positions above 1.0325 with targets @ 1.039 & 1.0405 in extension. Alternative scenario: Below 1.0325 look for further downside with 1.0295 & 1.027 as targets. Comment: the break above 1.0325 is a positive signal that has opened a path to 1.039.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id